This RCF has an initial three-year term, with two one-year extension options.
Accordions have been incorporated in the deal, meaning the RCF can be upsized by an additional €100m if needed and with bank consent.
The banks included in the consortium are HSBC, BNP Paribas, and ABN AMRO.
Panmure Liberum acted as debt advisor to Sirius Real Estate.
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“Along with our recent equity fundraise and bond issuance, this Facility provides us with further flexibility to capitalise on our exciting pipeline of opportunities in Germany and the UK,” said Chris Bowman, chief financial officer at Sirius Real Estate (pictured above).
“It also further diversifies our debt by adding BNP Paribas and ABN AMRO to our current pool of relationship banks, and extends our relationship with HSBC, a bookrunner on all our bond issues to date.”
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