Debt Redemption

RNS Number : 4196F

Assura PLC

12 November 2015

 

12 November 2015

Assura plc

Debt redemption

Assura plc ("Assura"), the UK's leading primary care property investor and developer, today announces that, following its recent equity raise, it has repaid £181 million of long term debt held by Aviva Commercial Finance, with associated early repayment costs of £34 million. The weighted average interest rate on the loans redeemed was 5.4%. This repayment is in line with the debt reduction plan announced in our Prospectus dated 24 September 2015.

Following the repayment, gross debt will be £330 million; a reduction of 36% since 31 March 2015.

Further details will be provided with the financial results for the six months ended 30 September 2015, which are due to be released on 19 November 2015.

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For more information, please contact:

Assura plc	Tel: [phone]
Jonathan Murphy Carolyn Jones
Finsbury	Tel: [phone]
Gordon Simpson

Notes to Editors

Assura is a UK REIT and long-term investor in and developer of primary care property. The company, headquartered in Warrington and listed on the London Stock Exchange, works with GPs, health professionals and the NHS to create innovative property solutions in order to facilitate delivery of high quality patient care in the community. At 31 March 2015, Assura's property portfolio was valued at £931 million.

Further information is available at www.assuraplc.com 

 

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