TPSH latest UK real estate name to increase financing

UK terraced house
By Mike Turner
29 Oct 2019

Triple Point Social Housing REIT has almost doubled the size of its sterling revolving credit facility, as UK housing firms continue to shore up funding during Brexit uncertainty.

The new revolving credit facility is for £130m, a £60m increase from the existing facility.

Lloyds and new lender NatWest Markets are providing the new financing. Triple Point said the new deal comes with the same terms as the one being replaced.

That loan, a £70m bilateral revolver from Lloyds ...

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