Custodian extends Lloyds loan

Money £50 notes

Custodian REIT has extended its £35m revolving credit facility (RCF) with Lloyds Bank with a new termination date in November 2020.

The RCF is secured by way of a first charge over a portfolio of properties, providing the lender with a maximum loan to value ratio of 50% on those properties specifically charged to it and a floating charge, with interest cover of at least 250% LTV.

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