Hibernia enters EUR400m Revolving Credit Facility

Hibernia enters €400 million Revolving Credit Facility

Hibernia REIT plc ("Hibernia") announces that it has agreed a new €400 million revolving credit facility (the "New RCF") with a syndicate of three banks, secured against a corporate level debenture. 

The New RCF, which has a five year term, replaces the existing €100 million facility (the "Previous RCF") which was due to mature in August 2017. It has a reduced margin compared to the Previous RCF and the same financial covenants.

Bank of Ireland Corporate Banking ("Bank of Ireland") is acting as agent and Bank of Ireland, Barclays Bank Ireland PLC ("Barclays") and Ulster Bank Ireland Limited ("Ulster Bank") are acting as joint bookrunners and joint arrangers and participating in the following proportions: Bank of Ireland €190m, Barclays €140m and Ulster Bank €70m.

Tom Edwards-Moss, Chief Financial Officer of Hibernia, said:

"We are delighted to have agreed this facility, continuing our relationship with Bank of Ireland and welcoming Barclays and Ulster Bank as new lenders. This secures competitively priced and flexible financing for Hibernia for five years and will enable us to move quickly to take advantage of investment opportunities as well as to fund our development pipeline."

ENDS

Contacts:

Hibernia REIT plc + 353 1 536 9100

Tom Edwards-Moss, Chief Financial Officer

Murray Consultants

Doug Keatinge: +353 86 037 4163, [email protected]

Jill Farrelly: +353 87 738 6608, [email protected]

About Hibernia REIT plc

Hibernia REIT plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The principal activity of the Company is to acquire and hold investments in Irish property (primarily commercial property) with a view to maximising shareholder returns.