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TOURISM HOLDINGS RENTALS LIMITED (ASX: THL)

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THL: THL Completes Sale And Leaseback Of Canadian Properties

TOURISM HOLDINGS RENTALS LIMITED

  1. THL has completed the sale and leaseback of Apollo’s properties in Canada for a total purchase price of CAD$51 million.
  2. The sale generates pre-tax net cash proceeds (after the repayment of associated debt and closing costs) of approximately CAD$25.6 million.
  3. The lease terms provide THL with rights to the properties for up to 20 years (inclusive of rights of renewal) at a starting annual base rent of approximately CAD$3 million.

2023-01-09 12:47:00