CDL Investments New Zealand's (NZE:CDI) CDL Land New Zealand subsidiary entered into a new NZ$20 million flexible credit facility with ANZ Group Holdings (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand, according to a Friday New Zealand bourse filing.
The facility is for property portfolio funding and has a term of 24 months, per the filing.
CDL Investments shares fell nearly 2% in recent Friday trade.