LONDON (Alliance News) - AEW UK REIT PLC said Wednesday it was considering extending its debt facility with RBS International to allow for greater flexibility in its investment activities.
AEW said the current terms of the GBP40.0 million, five-year term loan facility limit the loan to 20% of net asset value at the point of borrowing. AEW's directors are considering an increased facility limits equivalent to 25% of gross asset value.
AEW said the potential increase would allow it greater flexibility in its investment activities.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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Aew Uk Reit (AEWU)