Tritax Big Box REIT plc Extension of Debt Facility (4365Z)
15 December 2017 - 6:00PM
UK Regulatory
TIDMBBOX
RNS Number : 4365Z
Tritax Big Box REIT plc
15 December 2017
15 December 2017
TRITAX BIG BOX REIT PLC
(the"Company")
EXTENSION OF DEBT FACILITY
Further to the Company's refinancing announcement on 1 December
2017, the Board of Tritax Big Box REIT plc (ticker: BBOX) is
pleased to announce that the Company has agreed terms to extend the
maturity on its existing loan facility (the "Facility") with
Landesbank Hessen-Thüringen Girozentrale ("Helaba").
The GBP50.87 million Facility is secured on the Ocado
distribution warehouse at Erith and has been extended from July
2023 to July 2025, which further extends the Company's weighted
average debt maturity. The margin payable on the facility will
remain unchanged.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group via Newgate below
Colin Godfrey (Partner,
Fund Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Anna Geffert
Lydia Thompson
Jefferies International Tel: 020 7029 8000
Limited
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
The Company's LEI is: 213800L6X88MIYPVR714
NOTES:
Tritax Big Box REIT plc is the only listed vehicle dedicated to
investing in very large logistics warehouse assets ("Big Boxes") in
the UK and is committed to delivering attractive and sustainable
returns for shareholders. Investing in and actively managing
existing built investments, land suitable for Big Box development
and pre-let forward funded developments, the Company focuses on
well-located, modern "Big Box" logistics assets, typically greater
than 500,000 sq. ft. (measured by floor area, c.63% of the
Company's existing logistics facilities including forward funded
developments are in excess of 500,000 sq ft(1) ), let to
institutional-grade tenants on long-term leases (typically at least
12 years in length) with upward-only rent reviews and geographic
and tenant diversification throughout the UK. The Company seeks to
exploit the significant opportunity in this sub-sector of the UK
logistics market owing to strong tenant demand and limited supply
of Big Boxes.
The Company is a real estate investment trust to which Part 12
of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on
the premium segment of the Official List of the UK Financial
Conduct Authority and is a constituent of the FTSE 250, FTSE
EPRA/NAREIT and MSCI indices.
Further information Tritax Big Box REIT is available at
www.tritaxbigbox.co.uk
(1) Note: This figure excludes Howdens II and III at Warth Park,
Raunds which exchanged conditionally in December 2016, subject to
planning.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRFZLLFDLFEFBV
(END) Dow Jones Newswires
December 15, 2017 02:00 ET (07:00 GMT)
Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From Apr 2024 to May 2024
Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From May 2023 to May 2024