Triple Point Social Housing Signs GBP70 Million Revolving Credit Line
December 24 2018 - 5:06AM
Dow Jones News
By Adria Calatayud
Triple Point Social Housing REIT PLC (SOHO.LN) said Monday that
it has signed a 70 million pound ($88.4 million) revolving credit
line with Lloyds Banking Group PLC (LLOY.LN) to finance the
acquisition of housing assets.
The revolving credit facility has an initial term of further
years expiring on Dec. 20, 2022 which by be extended by a further
two years, Triple Point said.
The property investor said it continues to identify attractive
investment opportunities.
Shares at 0928 GMT were up 1.8% at 100 pence.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
December 24, 2018 04:51 ET (09:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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