Civitas secures £100m debt facility with HSBC

Social housing

Civitas Social Housing has secured a £100m revolving credit facility with HSBC as the company continues to look for new acquisition opportunities.

The new three year loan was agreed yesterday and comes after the REIT extended an existing £40m revolving credit facility by a further £20m in the summer. The company is looking to increase its debt from 13% of gross assets (excluding the HSBC deal) to 35% of gross assets.

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