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LONDON (Alliance News) - Impact Healthcare REIT PLC has signed a new GBP25 million revolving credit facility, the company said on Thursday.
The facility has been signed with Clydesdale Bank PLC, part of FTSE 250 banking group CYBG PLC.
It has a margin of 225 or 250 basis points over three-month LIBOR, depending on the loan-to-value ratio of the 14 properties which have been put up as a security on the loan.
"The facility will help the group to continue to manage its capital structure in line with its investment policy in a flexible manner and will support the group with its future growth plans," said Impact.
Impact Healthcare shares were 1.0% higher on Thursday at a price of 103.98 pence each.
