Assura PLC Reduction of RCF (8332G)
29 July 2021 - 4:00PM
UK Regulatory
TIDMAGR
RNS Number : 8332G
Assura PLC
29 July 2021
29 July 2021
Assura plc
Reduction of Revolving Credit Facility ("RCF")
Assura plc ("Assura"), the leading primary care property
investor and developer, today announces that it has given notice
under its Revolving Credit Facility ("RCF") agreement to
voluntarily cancel GBP100 million of the existing GBP225 million
facility which runs to November 2024.
Following the cancellation, the RCF will stand at GBP125 million
and is currently undrawn.
Jayne Cottam, Chief Financial Officer, commented:
"Our recent successful Sustainability and Social Bond issuances
have demonstrated the range of debt markets that Assura can now
access, reflecting the strength of our business model, our balance
sheet and our A- rating from Fitch.
"We have therefore taken the opportunity to further reduce our
revolving credit facility to GBP125 million in order to improve the
efficiency of our funding profile.
"We are grateful to the banks and all our lenders for their
continuing, flexible support."
- Ends -
For more information, please contact:
Assura plc Tel: 01925 420680
Jayne Cottam, CFO E mail: Investor@assura.co.uk
David Purcell, Head of Investor
Relations
Finsbury Tel: 0207 251 3801
Gordon Simpson Email: Assura@Finsbury.com
James Thompson
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 outstanding spaces
for health services in our communities. At 31 March 2021, Assura's
property portfolio was valued at GBP2,453 million.
Further information is available at www.assuraplc.com
*EPRA is a registered trademark of the European Public Real
Estate Association.
Assura plc LEI code: 21380026T19N2Y52XF72
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END
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