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£200m unsecured revolving credit facility

Tritax EuroBox announces it has entered into a new €200 million unsecured revolving credit facility. The New Facility will provide the Company with flexible committed capital, at an attractive margin, to help finance the acquisition of investment opportunities in its strong identified pipeline.

22 Oct 2018

The New Facility has an opening margin of 1.55% and an initial maturity of five years which can be extended, subject to lender support, by two further years, up to a maximum maturity of seven years.

When fully drawn down, the loan to value ratio of the Company’s portfolio will be approximately 38% against a medium term LTV target of 45%.

The syndicate for the New Facility comprises HSBC Bank plc and BNP Paribas, London Branch. HSBC Bank plc will act as agent for the New Facility. The Company was advised on the financing by Lazard & Co., Limited.

Nick Preston, Fund Manager for Tritax EuroBox plc, commented:
“This financing represents a significant milestone for the Company following its Initial Public Offering in July 2018. The €200 million New Facility offers the Company a highly attractive cost of debt and the unsecured structure provides significant operational flexibility, underlining the support for our strategy and strong sector fundamentals.
We are delighted that HSBC Bank plc and BNP Paribas, London Branch have supported us in this financing and we look forward to developing these relationships and new ones with additional banks to provide further flexible liquidity as the Company increases the size of its portfolio.”


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Press Release €200 Million Unsecured Revolving Credit Facility
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