2nd Oct 2018 08:08
LONDON (Alliance News) - FTSE 250-listed Tritax Big Box REIT PLC said on Tuesday it has entered a GBP250 million senior, short-term, unsecured banking facility with a syndicate of its lenders.
The syndicate comprises Barclays Bank PLC, The Royal Bank of Scotland International Ltd and Banco Santander SA.
The new facility will provide the company with capital to help in the acquisition of investment opportunities in its pipeline, and has a term of twelve months, with the option to extend by another six months.
"This well supported new revolving credit facility gives the company additional financing to commit to our near-term pipeline and support our growth. It provides access to further flexible liquidity, at a low cost of borrowing. The continued backing from our relationship banks demonstrates the strength of support for our strategy and the strong fundamentals of our sector," said Finance Head Frankie Whitehead.
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