In QuotedData’s morning briefing 29 December 2022:
- PRS REIT (PRSR) has secured a short-term extension to its £150m revolving credit facility with Lloyds / RBS, which matures in February 2023. The extension has been secured for the period to 14 July 2023 at the same margin above the three-month SONIA rate as the existing arrangements. The board hopes that this will provide additional time for market conditions to stabilise and offers the company further flexibility to fully explore its funding options.