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IN BRIEF: Impact Healthcare extends two revolving credit facilities

29th Jun 2023 14:43

Impact Healthcare REIT PLC - London-based owner of care homes and other healthcare properties in the UK - Increases the size and extends the maturity of its revolving credit facility with National Westminster Bank PLC and also extends its revolving credit facility with HSBC Bank UK PLC by a year.

The facility with National Westminster increases by GBP24 million, bringing the total facility to GBP50 million. It is also extended by four years to June 2028, with a further two one-year extension options to June 2030, subject to approval. The facility with HSBC Bank UK is extended by one-year to April 2026.

Impact reports a gross loan-to-value ratio at March 31 of 28.3%.

Current stock price: 90.22 pence

12-month change: down 23%

By Heather Rydings, Alliance News senior economics reporter

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