** Shares of Australia's Lifestyle Communities LIC.AX rise as much as 4.9% to A$5.5, their biggest intraday gain in a month

** Residential homes developer says it has agreed to restructure and a right-size its existing debt facilities

** Co says new facilities include A$300 million ($200.01 million) private note purchase facility and A$125.0 million revolving bank debt facility

** Stock last up 1.5% including day's moves, down 37.9% YTD

($1 = 1.4999 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))