Tritax EuroBox expands revolving facility by €125 million

By Marisa Wong

Los Angeles, Sept. 30 – Tritax EuroBox plc announced a €125 million increase to its existing €300 million unsecured revolving credit facility.

Bank of China has agreed to provide a new €100 million commitment to the expanded facility, and Banco Sabadell has agreed to provide a new €25 million commitment, alongside existing lenders BofA Securities, HSBC and BNP Paribas.

The increase is on the same terms as the existing facility, with an opening margin of 155 basis points and a maturity date of October 2023 that may be extended by a further two years., according to a press release.

Currently, €235.5 million is drawn under the facility.

The loan-to-value ratio of the company’s portfolio is now roughly 36% against a medium-term LTV target of 45%, the company noted.

Based in London, Tritax manages a well-diversified portfolio of large continental European logistics real estate assets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.