Elite UK REIT Secures GBP50 Million Facilities Agreement

MT Newswires

08/18

Elite UK REIT (SGX:MXNU) secured a 50.0 million pounds sterling 48-month term revolving facilities agreement through its wholly owned subsidiary Elite Phoenix, according to a Tuesday filing to the Singapore stock exchange.

Of the amount, the company has already drawn down 22 million pounds to support the recent acquisition of five government-leased properties in the UK.

The facilties, guaranteed by Perpetual (Asia), will be used to refinance existing loans and support working capital.

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