Walls & Futures REIT PLC Walls & Futures secures Revolving Credit Facility (9488A)
June 03 2019 - 7:00AM
UK Regulatory
TIDMWAFR
RNS Number : 9488A
Walls & Futures REIT PLC
03 June 2019
3 June 2019
WALLS & FUTURES REIT PLC
(the "Company")
Walls & Futures REIT plc secures Revolving Credit
Facility
Walls & Futures REIT plc ("WAFR") the Ethical Housing REIT,
announces that it had completed the provision of a GBP600,000
secured revolving credit facility from a private lender, Monastery
Hire and Sales Limited. Set to run for an initial 5-year term, at
an interest margin of 3.5% over LIBOR and will be used to finance
the acquisition and refurbishment of its pipeline of specialist
supported housing. A fee of 0.1% per annum is payable on any
undrawn balances.
-ENDS-
For further information, contact:
Walls & Futures REIT PLC 0333 700 7171
Joe McTaggart, Chief Executive
Website www.wallsandfutures.com
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve 020 3328 5656
About Walls & Futures REIT plc
Walls & Futures is an Ethical Housing REIT generating
long-term secure income by addressing the UK's social housing
needs. We originate secure, index-linked, long-term, government
funded revenues from specialist social housing & packages them
into an investment REIT. Our target is a total return of 7% - 9%
per annum.
Walls & Futures REIT plc was named "Impact Company of the
Year" at the 2018 NEX Exchange Small Cap Awards.
Walls & Futures is quoted on the NEX Exchange Growth Market
(Ticker: WAFR) and is a member of the Social Stock Exchange and
Impact Investment Network.
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END
NEXFJMMTMBJMBRL
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