Assura PLC Note issuance and increased debt facilities (2213U)
20 October 2017 - 10:24PM
UK Regulatory
TIDMAGR
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 GBP150 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 GBP300 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."
- Ends -
For more information, please contact:
Assura plc Tel: 01925 420660
Jonathan Murphy
Orla Ball
Edelman
John Kiely Tel: 0203 047 2546
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 GBP1,345 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFEFFFSFWSEES
(END) Dow Jones Newswires
October 20, 2017 07:24 ET (11:24 GMT)
Assura (LSE:AGR)
Historical Stock Chart
From Apr 2024 to May 2024
Assura (LSE:AGR)
Historical Stock Chart
From May 2023 to May 2024