NEW YORK CITY-In what group CEO Robert Tsenin calls “important initial steps” in assessing its restructuring options, Australian shopping mall owner Centro Properties Group has lined up $659 million in new financing and a one-year extension on $2.3 billion of existing debt in its US operations. The financings encompass Centro NP, its Super LLC parent and the joint venture Centro NP Residual Holding LLC. In a release from Centro NP LLC’s New York office, the company says the transactions “improve the debt maturity across all three entities.”

The $659 million in term loans obtained by Centro NP mature in 10 years and carry a fixed interest rate of 6.75%, the company says. Stacey Slater, SVP of investment management, tells the loans are backed by 76 retail properties across the US and came through Centro NP’s existing lender network. She declines to identify the lenders. Locally, Centro NP’s holdings include DSW Plaza in New York City.

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