Schroder Real Estate Investment Trust Ltd - Revolving Credit Facility Update
17 April 2020 - 4:00PM
PR Newswire (US)
For release 17th April 2020
Schroder Real Estate Investment Trust Limited
("SREIT"/ the "Company" / "Group")
REVOLVING CREDIT FACILITY UPDATE
Schroder Real Estate Investment Trust, the actively managed
UK-focused REIT, announces that it has drawn its revolving credit
facility (‘RCF’) with Royal Bank of Scotland International (‘RBSI’)
in full, totalling £52.5 million.
Following the drawdown, the Company has approximately £87.5
million in cash which provides important operational flexibility to
capitalise on future investment opportunities. The RCF is an
efficient source of funding that can be repaid and redrawn as often
as required. The Company’s consolidated net loan-to-value (‘LTV’)
remains unchanged at approximately 21% based on the 31 December 2019 valuation.
-ENDS-
For further information:
Schroder Real Estate Investment
Management Limited:
Duncan Owen / Nick Montgomery / Frank Sanderson |
020 7658 6000 |
J.P. Morgan
Cazenove:
William Simmonds |
020 7742 4000 |
Northern Trust:
Lisa Garnham |
01481 745529 |
FTI Consulting:
Dido Laurimore / Richard Gotla |
020 3727 1000 |
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