Impact Healthcare has secured a £25m extension to its revolving credit facility with HSBC, taking the total to £75m.
The care home-focused REIT has simultaneously cancelled its £15m RCF agreement with Metro Bank.
The HSBC extension was secured using assets released from the Metro security pool. Overall, this increases Impact’s headroom by £10m and reduces the margin to 200bps, 65bps lower than the Metro facility.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
