LONDON (Alliance News) - Primary care infrastructure investor MedicX Fund Ltd on Monday said it has negotiated terms for the private placement of loan notes.
The loan notes were issued in two tranches by the company in August and December last year with an all-in interest rate of 3.8% and a maturity of August 2019.
The renegotiated notes will be extended to December 2028 with an all-in fixed interest rate of 3.99%.
"We are pleased to have agreed the term extension on our first loan note facility. The new terms compare well with alternatives currently available from bank lenders and are significantly more attractive than were available in August 2014 when the loan notes were originally issued," said Chairman David Staples.
Shares in MedicX were flat at 81.24 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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