9th Nov 2020 15:55
Target Healthcare REIT PLC - UK care home investor - Extends terms and increases existing facilities with HSBC and Royal Bank of Scotland. Increases HSBC revolving credit facility to GBP100 million from GBP80 million. Facility has initial three year term to November 2023, with option of two one-year extensions. RBS loan increased to GBP70 million from GBP50 million and has five-year terms. "The revised facilities, when combined with the group's GBP50 million committed term loan facility with ReAssure which expires in January 2032, increase the group's total borrowing capacity to GBP220 million from GBP180 million," Target said.
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By Eric Cunha; [email protected]
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