Walls & Futures REIT - Walls & Futures secures Revolving Credit Facility London Stock Exchange
RNS Number : 9488A
Walls & Futures REIT PLC
03 June 2019
 

3 June  2019

WALLS & FUTURES REIT PLC

(the "Company")

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 £600,000 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.

-ENDS-

 

For further information, contact:

Walls & Futures REIT PLC                                                                              0333 700 7171     

Joe McTaggart, Chief Executive

Website www.wallsandfutures.com

 

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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