DJ Walls & Futures REIT PLC Walls & Futures secures Revolving Credit Facility
RNS Number : 9488A
Walls & Futures REIT PLC
03 June 2019
3 June 2019
WALLS & FUTURES REIT PLC
Walls & Futures REIT plc secures Revolving Credit Facility
Walls & Futures REIT plc ("WAFR") the Ethical Housing REIT, announces that it had completed the provision of a GBP600,000 secured revolving credit facility from a private lender, Monastery Hire and Sales Limited. Set to run for an initial 5-year term, at an interest margin of 3.5% over LIBOR and will be used to finance the acquisition and refurbishment of its pipeline of specialist supported housing. A fee of 0.1% per annum is payable on any undrawn balances.
For further information, contact:
Walls & Futures REIT PLC 0333 700 7171
Joe McTaggart, Chief Executive
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve 020 3328 5656
About Walls & Futures REIT plc
Walls & Futures is an Ethical Housing REIT generating long-term secure income by addressing the UK's social housing needs. We originate secure, index-linked, long-term, government funded revenues from specialist social housing & packages them into an investment REIT. Our target is a total return of 7% - 9% per annum.
Walls & Futures REIT plc was named "Impact Company of the Year" at the 2018 NEX Exchange Small Cap Awards.
Walls & Futures is quoted on the NEX Exchange Growth Market (Ticker: WAFR) and is a member of the Social Stock Exchange and Impact Investment Network.
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(END) Dow Jones Newswires
June 03, 2019 07:00 ET (11:00 GMT)