Regional REIT (RGL) has agreed a three-year extension to debt facility that matures in August 2026. The facility was originally £128.0m, but has been reduced to £72.4m through the use of proceeds from property disposals. The margin on the facility remains unchanged and existing hedging will stay in place until August 2026, at which point new hedging will commence. Cost of borrowing will remain the same until the expiry of the existing hedge, after which it is anticipated that the weighted average cost of debt will increase to 4.1% from 3.4%. The group’s weighted average unexpired debt term has extended to 2.6 years. Its shares rose 2.6p to 102.6p.

Aquila European Renewables (AERI) board member Patricia Rodrigues PhD has resigned as part of the company’s plans to reduce the size of the board to reflect the its wind-down strategy. She had been a non-executive director since the company IPO’d in 2019.