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07 Mar 2019 | 10:12

Impact Healthcare secures new loan facility to support future growth plans

Impact Healthcare REIT said Thursday it had agreed a new revolving credit facility of £25m with Clydesdale Bank.

The facility would help the 'group to continue to manage its capital structure in line with its investment policy in a flexible manner and will support the Group with its future growth plans,' the compny said.

The credit facility had a margin of 225 or 250 basis points over three-month LIBOR, depending on the loan-to value ratio of the 14 properties over which Impact Healthcare had granted as security to for the loan.

At 10:12am: (LON:IHR) Impact Healthcare Reit Plc share price was 0p at 103p

Story provided by StockMarketWire.com
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