Assura PLC Debt redemption (2721B)
January 08 2018 - 10:59AM
UK Regulatory
TIDMAGR
RNS Number : 2721B
Assura PLC
08 January 2018
8 January 2018
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 GBP211 million of long term debt held
by Aviva Commercial Finance, with associated early repayment costs
of GBP56 million. The weighted average interest rate on the loans
redeemed was 5.43%. This repayment is in line with the debt
reduction plan announced in our Prospectus dated 16 November
2017.
Following the repayment, gross debt will be GBP430 million and
Assura will benefit from the resultant reduced weighted average
cost of interest, as well as substantial capacity for further
property investment.
Further details will be provided with the financial results for
the year ended 31 March 2018, which are due to be released on 23
May 2018.
- Ends -
For more information, please contact:
Assura plc Tel: 01925 420660
Jonathan Murphy
Jayne Cottam
Orla Ball
Edelman Tel: 0203 047 2546
John Kiely
Mav Wynn
Rob Yates
Notes to Editors
Assura plc, a constituent of the FTSE 250 and the EPRA* indices,
is a UK REIT and long-term investor in and developer of primary
care property. The company, headquartered in Warrington, 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 30 September 2017, Assura's property
portfolio was valued at GBP1,560 million.
Further information is available at www.assuraplc.com
*EPRA is a registered trademark of the European Public Real
Estate Association
This information is provided by RNS
The company news service from the London Stock Exchange
END
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