Impact Healthcare REIT, a UK listed property company, has revised its revolving credit agreement from £25 mln to £50 mln (€56 mln), extending the maturity from March 2024 until December 2029 in the process.
The company, whose shares began trading on the London Stock Exchange in 2019, now has debt facilities stretching from £216 mln to £241 mln, of which £142.3 mln is currently drawn.
It said its renewed facility with Clydesdale Bank trading as Virgin Money has improved by a margin of 200 basis points over SONIA, down from 225 basis points on the original borrowing facility.
