Impact Healthcare REIT has signed for a new £50m revolving credit facility with HSBC.
The facility is for three years with an option to extend for a further two years. The REIT can draw £34.5m down immediately, and £15.5m can be drawn down after the completion of the exchange of Scottish assets.
The REIT’s total committed facilities now stand at £125m, £26m of which is drawn and £84.4m of which is available immediately.
The company has committed £54.6m to acquisitions and asset management initiatives.
However, Impact Healthcare said it had “no plans to drawdown more debt than is required” until the “impact of Covid-19 is clearer”.
The company also announced it had received all rent due as of 3 April.
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