Brief: Circle Completes £100 Million Bank Refinancing

Circle Property

14/02/2019 06:29

Feb 14 (Reuters) - Circle Property PLC  CRC.L :
    * CIRCLE COMPLETES £100 MILLION BANK REFINANCING
    * NEW FINANCING FACILITY REPLACES A £55 MILLION FACILITY
WITH RBS
AGREED IN JUNE 2016 AND AMENDED IN MARCH 2018
    * NEW FACILITY COMPRISES SENIOR REVOLVING FACILITY AGREEMENT
FOR
£60 MILLION WITH "ACCORDION" OPTION TO EXTEND BY FURTHER £40
MILLION
    * FACILITY HAS A FOUR-YEAR TERM, WITH OPTION OF A FURTHER
TWO-YEAR
EXTENSION, AT AN INTEREST RATE OF 2.05 PCT OVER LIBOR

Source text for Eikon:  ID:nRSM9352Pa 
Further company coverage:  CRC.L 

 ((Reuters.Briefs@thomsonreuters.com;))