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