REG - Regional REIT Ltd - Banking Facility Refinanced

Regional REITAnnouncement

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RNS Number : 7074M  Regional REIT Limited  24 December 2025

24 December 2025

REGIONAL REIT Limited

("Regional REIT", the "Group" or the "Company")

£72.4m Banking Facility Refinanced to December 2028

 

Regional REIT Limited, the regional commercial property specialist, is pleased
to announce that it has successfully agreed a 3-year extension to the debt
facility (the "Facility"), which was due to mature in August 2026. This
Facility was originally £128.0m. Through an active debt reduction programme
of property disposals, the outstanding balance has been significantly reduced
to £72.4m (31 December 2024: £99.8m).

The Facility's margin remains unchanged. In line with company policy, the
Facility will be fully hedged to maturity. The existing hedging remains in
place until August 2026, after which new hedging will commence beginning then
through to expiry.

With the Facility extension, the lending group will comprise of The Royal Bank
of Scotland, the Bank of Scotland and Santander UK plc. The Company has the
ability to request two one-year extensions to the Facility's expiry date,
pending lender approval.

As a result of the refinancing the Group's weighted average unexpired debt
term will extend to 2.6 years. There will initially be no change to the cost
of borrowing until the expiry of the existing hedge, at which point it is
anticipated that the weighted average cost of debt will increase to circa 4.1%
from 3.4%.

 

Stephen Inglis, Head of ESR Europe LSPIM, Investment Adviser commented:

"Securing this facility extension on competitive terms underlines the strength
of our banking relationships and the attractiveness of our portfolio. The
3-year extension of the £72.4 facility will provide stability as we continue
to execute our strategy, with a focus on continuing to reduce debt, improving
income and adding value via our capex programme."

 

 

 

- ENDS -

 ESR Europe Investment Management Ltd  Tel: +44 (0) 203 831 9776
 Investor Relations
 Adam Dickinson

 ESR Europe LSPIM Limited              Tel: +44 (0) 141 248 4155
 Investment Adviser to the Group
 Stephen Inglis

 FTI Consulting                        Tel: +44 (0)20 3727 1000
 Financial Communications              RegionalREIT@fticonsulting.com (mailto:RegionalREIT@fticonsulting.com)
 Dido Laurimore, Giles Barrie

 

About Regional REIT

 

Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real estate
investment trust that launched in November 2015. It is managed by ESR Europe
LSPIM Limited, the Asset Manager, and ESR Europe Private Markets Limited, the
Investment Adviser.

 

Regional REIT's commercial property portfolio is comprised wholly of income
producing UK assets, predominantly offices located in the regional centres
outside of the M25 motorway. The portfolio is geographically diversified, with
118 properties, 1,242 units and 690 tenants as at 30 September 2025, with a
valuation of c.£595.9m.

 

Regional REIT pursues its investment objective by investing in, actively
managing and disposing of regional Core and Core Plus Property assets. It aims
to deliver an attractive total return to its Shareholders with a strong focus
on income supported by additional capital growth prospects.

 

The Company's shares were admitted to the Official List of
the UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the Group's
website at www.regionalreit.com (https://www.regionalreit.com/) .

 

LEI: 549300D8G4NKLRIKBX73

 

 

 

 

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