Note issuance and increased debt facilities

RNS Number : 2213U

Assura PLC

20 October 2017

 

20 October 2017

Assura plc

Note issuance and increased debt facilities

Assura plc ("Assura" or the "Company"), the leading investor and developer of primary care properties, announces that Assura Financing Limited, a wholly owned subsidiary of Assura, has today issued £150 million of privately placed notes.

The debt was provided by LGIM Real Assets on behalf of clients.

The notes were issued in two tranches with maturities of eight and ten years. The weighted average coupon is 3.04%.

In addition, the available facilities under the Revolving Credit Facility have been increased to £300 million, which is a variable rate facility at an initial margin of 150 basis points. 

In line with Assura's funding strategy, the new notes and the RCF are unsecured.

IDCM Limited acted as arranger on the private placement.

Jonathan Murphy, CEO, commented:

"We are delighted with the support for this private placement which further diversifies our sources of funding. With this transaction we have secured long term funding at low rates, putting us in a strong position to continue helping GPs to create the primary care buildings they need now and for the future."

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For more information, please contact:

Assura plc	Tel: [phone]
Jonathan Murphy Orla Ball
Edelman John Kiely	Tel: [phone]
Mav Wynn
Rob Yates

Notes to Editors

Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and long-term investor in and developer of primary care property. The company, headquartered in Warrington, 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 2017, Assura's property portfolio was valued at £1,345 million.

Further information is available at www.assuraplc.com

LGIM Real Assets is a division of Legal and General Investment Management, one of Europe's largest institutional asset managers and a major global investor.

IDCM Limited is a corporate finance boutique which arranges, structures and places debt transactions in a number of sectors including real estate, utilities, infrastructure and renewable energy.

*EPRA is a registered trademark of the European Public Real Estate Association.

 

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