Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPicton Prop Regulatory News (PCTN)

Share Price Information for Picton Prop (PCTN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 65.20
Bid: 64.80
Ask: 65.00
Change: 0.00 (0.00%)
Spread: 0.20 (0.309%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 65.20
PCTN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Picton Refinances 2021 Revolving Credit Facilities

1 Jun 2020 07:00

Picton Property Income Ltd - Picton Refinances 2021 Revolving Credit Facilities

Picton Property Income Ltd - Picton Refinances 2021 Revolving Credit Facilities

PR Newswire

London, May 29

1 June 2020

PICTON PROPERTY INCOME LIMITED(“Picton”, the “Company” or the “Group”)LEI: 213800RYE59K9CKR4497

Picton Refinances 2021 Revolving Credit Facilities

Picton announces the completion of a new £50 million revolving credit facility (RCF) to replace two existing facilities that were due to expire in June 2021.

The new facility is for an initial term of three years with the option of two, one-year extensions and is secured on the same eight assets. Currently undrawn, the RCF will incur interest at 150 basis points over LIBOR on drawn balances and an undrawn commitment fee of 60 basis points, which is a lower cost than the facilities it replaces.

If fully utilised, the Company’s combined debt maturity would be 8.3 years and the weighted average interest rate would reduce from 4.2% to 3.7% pa.

Andrew Dewhirst, Finance Director of Picton, commented:

“This new facility provides Picton with longer term operational flexibility, ensuring we maintain an efficient balance sheet that can be easily adjusted according to market conditions. We have primarily long-dated debt and a low LTV of 22%, which now includes access to £50 million of funding for a minimum of three years.”

For further information:

Tavistock  Jeremy Carey/James Verstringhe, 020 7920 3150, james.verstringhe@tavistock.co.uk 

PictonMichael Morris, 020 7011 9980, michael.morris@picton.co.uk

Note to Editors 

Picton, established in 2005, is a UK REIT. It owns and actively manages a £665 million diversified UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 31 March 2020). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

For more information please visit: www.picton.co.uk

Date   Source Headline
15th Mar 20249:00 amRNSDirector/PDMR Shareholding
8th Mar 202411:00 amRNSNotice of Directorate Change
31st Jan 202410:59 amEQSEdison issues update on Picton Property Income (PCTN): Capturing rent potential in Q3
30th Jan 20247:00 amRNSTrading Update and Net Asset Value
30th Jan 20247:00 amRNSDividend Declaration
17th Jan 202410:04 amEQSEdison issues update on Picton Property Income (PCTN): Focused on growing earnings
19th Dec 20239:34 amRNSHolding(s) in Company
18th Dec 202310:32 amRNSHolding(s) in Company
14th Dec 202311:55 amRNSHolding(s) in Company
13th Dec 202310:22 amRNSHolding(s) in Company
12th Dec 202312:44 pmRNSHolding(s) in Company
7th Dec 20234:08 pmRNSShare Awards Vesting
6th Dec 202311:22 amRNSForm 8.5 (EPT/NON-RI)-Picton Property Income Ltd
6th Dec 202311:14 amRNSForm 8.5 (EPT/RI)-Picton Property Income Limited
6th Dec 202311:04 amRNSForm 8.3 - Picton Property Income Limited
6th Dec 202311:03 amRNSForm 8.3 - UK Commercial Property REIT Limited
5th Dec 20232:09 pmEQSForm 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd
5th Dec 202312:57 pmRNSForm 8.3 - Picton Property Income Limited
5th Dec 202312:54 pmRNSForm 8.3 - Picton Property Income Limited
5th Dec 202312:34 pmRNSForm 8.3 - Picton Property Income Limited
5th Dec 202312:29 pmGNWForm 8.3 - [Insert name of offeree or offeror]
5th Dec 202312:00 pmRNSForm 8.5 (EPT/RI) -UK Commercial Property REIT LTD
5th Dec 202311:12 amRNSForm 8.5 (EPT/NON-RI)-Picton Property Income Limi
5th Dec 202311:08 amRNSForm 8.5 (EPT/RI)-Picton Property Income Limited
5th Dec 20237:00 amRNSStatement regarding UKCM
4th Dec 20233:20 pmRNSForm 8.3 - Picton Property Income Limited
4th Dec 20233:15 pmRNSForm 8.3 - Picton Property Income Limited
4th Dec 20232:51 pmEQSForm 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd
4th Dec 20232:41 pmRNSForm 8.3 - PICTON PROPERTY INCOME LIMITED
4th Dec 20232:01 pmGNWForm 8.3 - PICTON PROPERTY INCOME LTD
4th Dec 202312:15 pmRNSForm 8.3 - Picton Property Income Limited
4th Dec 202312:00 pmRNSForm 8.5 (EPT/RI) - Picton Property Income Ltd
4th Dec 202311:12 amRNSForm 8.5 (EPT/NON-RI)-Picton Property Income Ltd
4th Dec 202311:05 amRNSForm 8.5 (EPT/RI)-Picton Property Income Limited
4th Dec 202310:45 amRNSForm 8.3 - UK Commercial Property REIT Limited
4th Dec 202310:43 amRNSForm 8.3 - Picton Property Income Limited
4th Dec 20239:01 amRNSForm 8.3 - Picton Property Income Limited
1st Dec 20233:37 pmRNSForm 8.3 - UK COMMERCIAL PROPERTY REIT LTD
1st Dec 20233:20 pmRNSForm 8.3 - Picton Property Income Limited
1st Dec 20232:57 pmRNSForm 8.3 - Picton Property Income Limited
1st Dec 20231:58 pmRNSForm 8.3 - PICTON PROPERTY INCOME LIMITED
1st Dec 20231:42 pmRNSForm 8.3 - Picton Property Income Limited
1st Dec 202312:10 pmRNSForm 8.3 - UK Commercial Property REIT Limited
1st Dec 202312:00 pmRNSForm 8.5 (EPT/RI) - Picton Property Income Ltd
1st Dec 202312:00 pmRNSForm 8.5 (EPT/RI) -UK Commercial Property REIT LTD
1st Dec 202311:28 amGNWForm 8.3 - PICTON PROPERTY INCOME LTD
1st Dec 202310:48 amRNSForm 8.5 (EPT/NON-RI)-Picton Property Income Ltd
1st Dec 202310:45 amRNSForm 8.5 (EPT/RI)-Picton Property Income Limited
30th Nov 20233:22 pmRNSForm 8.3 - Picton Property Income Limited
30th Nov 20233:20 pmRNSForm 8.3 - Picton Property Income Limited

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.