Assura PLC Debt Redemption (4196F)
November 12 2015 - 2:00AM
UK Regulatory
TIDMAGR
RNS Number : 4196F
Assura PLC
12 November 2015
12 November 2015
Assura plc
Debt redemption
Assura plc ("Assura"), the UK's leading primary care property
investor and developer, today announces that, following its recent
equity raise, it has repaid GBP181 million of long term debt held
by Aviva Commercial Finance, with associated early repayment costs
of GBP34 million. The weighted average interest rate on the loans
redeemed was 5.4%. This repayment is in line with the debt
reduction plan announced in our Prospectus dated 24 September
2015.
Following the repayment, gross debt will be GBP330 million; a
reduction of 36% since 31 March 2015.
Further details will be provided with the financial results for
the six months ended 30 September 2015, which are due to be
released on 19 November 2015.
- Ends -
For more information, please contact:
Assura plc Tel: 01925 420660
Jonathan Murphy
Carolyn Jones
Finsbury Tel: 0207 251 3801
Gordon Simpson
Notes to Editors
Assura is a UK REIT and long-term investor in and developer of
primary care property. The company, headquartered in Warrington and
listed on the London Stock Exchange, works with GPs, health
professionals and the NHS to create innovative property solutions
in order to facilitate delivery of high quality patient care in the
community. At 31 March 2015, Assura's property portfolio was valued
at GBP931 million.
Further information is available at www.assuraplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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