Impact Healthcare REIT has increased and extended its revolving credit facilities with NatWest and HSBC.
The NatWest RCF has been increased by £24m to £50m and extended for four years to June 2028. The margin will be 200 bps above Sonia, up from 190 bps, while the interest cover covenant has been reduced from 250% to 175% in the first two years, increasing to 200% for the remainder of the term.
The REIT has also agreed a one-year extension option on its HSBC RCF to April 2026. The interest cover covenant is being reduced from 250% to 200%, with the margin remaining at 200 bps above Sonia.
