Tritax Big Box issues £400m in unsecured loan notes
By Frank Prenesti
Date: Wednesday 05 Dec 2018
(Sharecast News) - Warehouse investor Tritax Big Box said it was placing £400m million new senior unsecured loan notes with private investors.
The notes comprise two tranches with a weighted average coupon of the fixed rate notes equating to 2.91% and a weighted average maturity of 9.8 years. The funds will be drawn on 28 February 2019.
The two tranches comprise £250m at a fixed coupon of 2.86% maturing in February 2028 and £150m at a fixed coupon of 2.98% maturing in February 2030.
The proceeds will be used to refinance existing commitments under the £250m short term, unsecured banking facility announced in October 2018 and provide the company with additional committed capital to assist in the acquisition of further potential investment opportunities Tritax said.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN