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Tritax Eurobox secures €100M increase to unsecured revolver

Industrial real estate-focused Tritax Eurobox PLC secured a €100 million increase to its existing €200 million unsecured revolving credit facility.

The new €100 million commitment comes from Bank of America Merrill Lynch, which will provide the funds on the same terms as the existing facility.

The increase will provide Tritax with additional flexible liquidity to pursue investment opportunities in its pipeline, Nick Preston, fund manager of the U.K.-based investment trust, said in a release.

Lazard & Co. Ltd. advised the company on the deal.