25th Sep 2018 13:28
LONDON (Alliance News) - Regional REIT Ltd said Tuesday that it has repaid GBP50 million of the GBP65 million 5% ICG Longbow Ltd loan facility, which is due to mature August 2019.
The remainder of the facility is expected to be settled by the end of November 2018 from disposal proceeds or refinancing, the company added. The early repayment was funded by recent property disposals and in part by the proceeds of the 4.5% 2024 Retail Eligible Bond.
Shares in the real estate investment trust were trading 0.9% higher at 97.19 pence each on Tuesday afternoon.
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