By Lisa Kerner
Charlotte, N.C., Nov. 28 - Assura Group plc subsidiary Assura Properties plc raised £110 million through the issuance of a fixed-rate 4.75% 10-year senior secured bond.
Independent Debt Capital Markets acted as the lead arranger.
The financing will be used to repay a loan from National Australia Bank that was due to mature in March 2013, according to a company news release.
Assura's total debt is now £370 million with a weighted average maturity of 13.8 years and a weighted average interest rate of 5.33%, said Assura chairman Simon Laffin. The company's property assets total £542 million.
Assura Group is a London-based primary care property company.
| Issuer: | Assura Properties plc
|
| Issue: | Senior secured bond
|
| Amount: | £110 million
|
| Maturity: | 10 years
|
| Coupon: | 4.75%
|
| Announcement date: | Nov. 25
|
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