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Prospect News home > News index > List of issuers S > Headlines for Schroder Real Estate Investment Trust > News item
Published on 4/17/2020 in the Prospect News Bank Loan Daily.

Schroder REIT draws £52.5 million revolver in full

By Rebecca Melvin

New York, April 17 – Schroder Real Estate Investment Trust announced that it has drawn in full its £52.5 million revolving credit facility.

Following drawdown of the facility with Royal Bank of Scotland International, the company has £87.5 million in cash, which provides operational flexibility to capitalize on future investment opportunities, the company said in a news release.

The company’s consolidated net loan-to-value remains unchanged at about 21% as of a December 2019 valuation.

The company invests in a portfolio of U.K.-based commercial properties.


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