IN BRIEF: Schroder European Real Estate secures debt refinancing
2nd Oct 2023 08:46
Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Secures a five-year debt refinancing against its five-asset Dutch industrial portfolio. The refinancing is based on a margin of 2.0%, which is 0.15% below the existing margin. Says this reflects the competitive terms offered by four different banks. Elects to extend the facility by a further EUR4.5 million to EUR13.8 million. The new facility has been fixed at 5.3% being the five-year euro swap rate plus 2.0% margin. Read More