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Tritax EuroBox increases bank facility by EUR125m

Tritax EuroBox acquires a distribution centre in Barcelona

Tritax EuroBox increases bank facility by EUR125m – The continental European logistics real estate assets investor, Tritax EuroBox (EBOX), has announced a EUR125m increase to an existing EUR300m unsecured revolving credit facility

This increase is on the same terms as the existing facility, with an opening margin of 1.55% and a maturity date of October 2023 which can be extended, subject to lender support, by two further years.  €235.5m million of the facility is currently drawn.

The loan to value ratio of the company’s portfolio is now approximately 36% against a medium-term LTV target of 45%.

EBOX: Tritax EuroBox increases bank facility by EUR125m

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