IN BRIEF: AEW UK secures new 5-year term loan facility with AgFe
12th May 2022 20:33
AEW UK REIT PLC - real estate investment trust for UK regional commercial property - Secures a new GBP60 million 5-year term loan facility with AgFe, an asset manager specialising in debt-based investments. The loan is a fixed-rate loan with a total interest cost of 2.959%. The existing GBP54 million RBS International loan facility, which is due to mature in October 2023, will be repaid in full by the new loan facility, it says. Company intends to utilise borrowings to enhance returns over the next five years. Read More