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Picton Property Income Ltd - Guernsey-based property investment company - Completes a new £50 million revolving credit facility with National Westminster Bank PLC, which had been due to mature on May 26. Refinances the facility with an initial term of three years and the option for two one-year extensions. The refinanced facility is undrawn, and the remainder of Picton’s £210 million borrowings are fixed at an average interest rate of 3.7% a year year, with the earliest maturity in 2031. The facility will continue to provide ‘operational flexibility and future investment opportunity’, says Chief Financial Officer Saira Johnston. Current stock price: 76.66 pence, up 1.1% in London on Friday morning 12-month change: up 16% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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