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Regional REIT secures £165M facility

Regional REIT Ltd agreed on a 10-year, £165 million new facility from Scottish Widows Ltd. and Aviva Investors Real Estate Finance.

The Bank of Scotland plc arranged the facility that will carry an expected fixed rate of 330 basis points to 340 basis points and will replace five existing secured debt facilities, reducing the company's debt facilities to five from nine, according to a release.