Impact Healthcare has doubled its debt facility with Virgin Money to £50m.
The REIT said the revolving credit facility would also now expire in December 2029, instead of March 2024. This increases the group’s weighted average term of debt from 6.2 to 6.9 years. The group now has just £15m expiring in the next three years, being the remainder of its Metro Bank term debt.
The revised facility has an improved margin of 200 basis points over Sonia, down from 225bps on the original facility.
