|
Civitas Social Housing PLC - Exeter, England-based healthcare real estate investment trust - Closes new five year term debt facility of £70.9 million with a ‘major European bank lender.’ Says the facility has been used in full to redeem the company’s existing £60 million facility with Lloyds Banking Group PLC, as well as providing additional liquidity. Chair Michael Wrobel says: ‘The board reiterates its confidence in the appropriateness of the company’s rent levels and their sustainability going forward, backed up by the proven, strong underlying demand for specially adapted properties that are suitable for the delivery of higher acuity long-term care.’ Current stock price: 61.25 pence, down 1.4% on Thursday afternoon in London 12-month change: down 31% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
