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IN BRIEF: Assura lowers revolving credit facility by GBP100 million

29th Jul 2021 14:45

Assura PLC - investor in and developer of primary care properties in UK - Gives notice that it plans to voluntarily cancel GBP100 million of existing GBP225 million revolving credit facility which runs to November 2024. RCF will stand at GBP125 million. Chief Financial Officer Jayne Cottam says: "Our recent successful sustainability and social bond issuances have demonstrated the range of debt markets that Assura can now access, reflecting the strength of our business model, our balance sheet and our A- rating from Fitch." Cottam adds: "We have therefore taken the opportunity to further reduce our revolving credit facility."

Current stock price: 78.05 pence

Year-to-date change: up 1.6%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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