Renewal of Revolving Credit Facility

RNS Number : 1944O

BB Healthcare Trust PLC

28 January 2019

 

BB Healthcare Trust plc

LEI: 213800HQ3J3H9YF2UI82

Renewal of Revolving Credit Facility

BB Healthcare Trust plc (the "Company") announces that it has renewed and amended its mutli-currency revolving credit facility ("RCF") with Scotiabank. The Company's borrowing policy is unchanged: over the longer term, the Portfolio Manager expects that gearing will average a mid to high single digit percentage of Net Asset Value.

Under the terms of the amended RCF, the Company may draw down loans up to an aggregate value of USD 100 million.  The facility also has an uncommitted accordion option which, subject to the agreement of Scotiabank, provides the Company with the flexibility to increase the facility by a further USD 50 million. The new facility will expire in January 2021. The change of the base currency of the facility from Sterling to US Dollars reflects the make up of the portfolio, more than 90 per cent. of which is traded in US Dollars.

Enquiries:

Ciara McKillop / Anthony Lee                  020 7653 9690

PraxisIFM Fund Services (UK) Limited

28 January 2019

 

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