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Tritax Big Box REIT extends termination date of £350M revolver

Tritax Big Box REIT PLC is extending the termination date of its £350 million unsecured revolving credit facility by one year to Dec. 10, 2023, from Dec. 10, 2022.

The facility was signed Dec. 1, 2017, with a syndicate of lenders, at a payable margin of 1.10% per year over the three-month London interbank offered rate.

The revolver also has an uncommitted £200 million accordion option and one further extension option, according to a release.