£50 million private placement of loan notes

RNS Number : 9213A

The MedicX Fund Limited

01 October 2015

 



For immediate release                                                                                    

1 October 2015

MedicX Fund Limited

("MedicX Fund", "the Fund" or "the Company")

£50 million private placement of loan notes

Further to the announcement on 1 May 2015, MedicX Fund Limited (LSE: MXF), the specialist primary care infrastructure investor in modern purpose-built primary healthcare properties in the United Kingdom, confirms that it has completed the second drawdown of £25 million under the £50 million private placement of loan notes with Standard Life Investments Limited.

Including this facility the average all-in fixed rate of debt for the Fund is 4.45% with an average unexpired term of 15 years. Assuming the funds were fully drawn immediately with the proceeds invested in completion of existing properties under construction or purchase of new properties, adjusted gearing (the ratio of total debt to total assets in each case net of cash and cash equivalents) would be expected to be approximately 53.4%.

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For further information please contact:

MedicX Fund                                                                   [phone]

David Staples, Chairman

Octopus Healthcare Group                                               [phone]

Mike Adams, Chief Executive Officer

Mark Osmond, Chief Financial Officer

Buchanan                                                                        [phone]

Charles Ryland/Victoria Watkins

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", the "Fund" or the "Company", or together with its subsidiaries, the "Group") is the specialist primary care infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom, listed on the London Stock Exchange, with a portfolio comprising 143 properties.

The Investment Adviser to the Company is Octopus Healthcare Adviser Ltd, which is authorised and regulated by the Financial Conduct Authority and is a subsidiary of the Octopus Healthcare Group. The Octopus Healthcare Group is a specialist investor, developer and manager of healthcare properties with 40 people operating across the UK.

The Company's website address is www.medicxfund.com.  Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website), nor the contents of any website accessible from hyperlinks within this announcement, are incorporated into, or forms part of, this announcement.

 

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