Tritax Big Box REIT plc Extension of Debt Facility (4365Z)

TIDMBBOX

RNS Number : 4365Z

Tritax Big Box REIT plc

15 December 2017

TRITAX BIG BOX REIT PLC

(the"Company")

EXTENSION OF DEBT FACILITY

Further to the Company's refinancing announcement on 1 December 2017, the Board of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that the Company has agreed terms to extend the maturity on its existing loan facility (the "Facility") with Landesbank Hessen-Thüringen Girozentrale ("Helaba").

The GBP50.87 million Facility is secured on the Ocado distribution warehouse at Erith and has been extended from July 2023 to July 2025, which further extends the Company's weighted average debt maturity. The margin payable on the facility will remain unchanged.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Tritax Group               via Newgate below 
  Colin Godfrey (Partner, 
  Fund Manager) 
 
 Newgate (PR Adviser)       Tel: 020 7680 6550 
  James Benjamin             Email: tritax@newgatecomms.com 
  Anna Geffert 
  Lydia Thompson 
 
 Jefferies International    Tel: 020 7029 8000 
  Limited 
  Gary Gould 
  Stuart Klein 
 
 Akur Limited               Tel: 020 7493 3631 
  Anthony Richardson 
  Tom Frost 
  Siobhan Sergeant

The Company's LEI is: 213800L6X88MIYPVR714

NOTES:

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq. ft. (measured by floor area, c.63% of the Company's existing logistics facilities including forward funded developments are in excess of 500,000 sq ft(1) ), let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

(1) Note: This figure excludes Howdens II and III at Warth Park, Raunds which exchanged conditionally in December 2016, subject to planning.

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRFZLLFDLFEFBV

(END) Dow Jones Newswires

December 15, 2017 02:00 ET (07:00 GMT)

Tritax Big Box Reit (LSE:BBOX)
Historical Stock Chart
From Apr 2024 to May 2024