Shaftesbury has entered into a new £125m five-year revolving credit facility with Lloyds.
The central London REIT said the new facility would replace an existing £125m facility that was due to expire in April 2016.
The deal pushes out the average maturity of the group’s debt from 5.6 years to 6.2 years at the end of November 2013.
Shaftesbury said the refinancing did not involve termination of any interest hedging arrangements.
Last week the group posted a 13.9% hike in net asset value to £5.67p a share in its full year results.
The value of the listed company’s 13-acre West End holdings have pushed through the £2bn mark after a £174.3m uplift over the year to the end of September.
bridget.oconnell@estatesgazette.com
