News: Woolworths Holdings Says All Conditions Precedent To Sale Of Bourke Street Menswear Store Fulfilled

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    July 27 (Reuters) - Woolworths Holdings Ltd WHLJ.J :

    • ALL CONDITIONS PRECEDENT TO SALE OF BOURKE STREET MENSWEAR STORE HAVE NOW BEEN FULFILLED
    • DISPOSAL PRICE FOR ASSET WAS AU$121 MILLION; ANTICIPATED THAT DISPOSAL PROCEEDS WILL BE RECEIVED IN EARLY AUGUST 2020
    • NET DISPOSAL PROCEEDS WILL BE APPLIED TOWARDS REPAYMENT OF DEBT FACILITIES.
    • REPAYMENT OF DEBT FACILITIES KEY FIRST STEP PURSUANT TO GROUP'S STRATEGIC REVIEW OF CAPITAL STRUCTURE OF AUSTRALASIAN ENTITIES
 
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