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(Alliance News) - Tritax Big Box REIT PLC said Tuesday it has won an extension to the termination date for GBP300 million of its GBP350 million unsecured revolving credit facility to December 10, 2024 from the same date in 2023.
The maturity date of the remaining GBP50 million will stay at December 10, 2023.
The facility is with a syndicate of lenders. It retains its uncommitted GBP200 million accordion option and a margin of 1.1% per annum over three-month LIBOR.
The credit facility was first entered into in December 2017 for an initial period of five years, with this extension the second of two one-year extension options available to Tritax Big Box under the original terms.
Shares in the London-based logistics-focused real estate investment trust were down 0.8% at 144.70 pence on Tuesday.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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