Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce
it has entered into a new £250 million senior, short-term,
unsecured banking facility (the “New Facility”) with a
syndicate of its relationship lenders comprising Barclays Bank
PLC, The Royal Bank of Scotland International Limited and
Banco Santander, S.A., London Branch.
The New Facility will provide the Company with committed
capital, at an attractive margin, to assist in the acquisition of
investment opportunities in its strong investment pipeline. The
New Facility is for a term of 12 months, with an option to
extend by a further six months, at the sole option of the
Company.
The Company was advised on the financing by Lazard & Co., Limited.
Frankie Whitehead, Head of Finance for Tritax Big Box REIT plc, commented:
"This well supported new revolving credit facility gives the Company additional financing to commit to
our near-term pipeline and support our growth. It provides access to further flexible liquidity, at a low
cost of borrowing.
The continued backing from our relationship banks demonstrates the strength of support for our strategy
and the strong fundamentals of our sector."
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