Ires Reit grows revolver again

Houses
By Mike Turner
02 May 2019

Irish Residential Properties Reit (Ires Reit) has refinanced and enlarged its revolving bank debt, with the residential retail accommodation investment trust agreeing an up to €600m facility with lenders.

The new loan is a €450m revolver with an accordion facility that lets the borrower grow the deal up to €600m. It has a five year tenor but comes with two one year extension options.

The deal being refinanced was for €350m and is due in January 2021. 

Ires REIT’s ...

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