Target Healthcare swaps to Sonia in loan refinancing

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By Mike Turner
09 Nov 2020

Target Healthcare, a care home real estate investment trust, has renegotiated £170m of loans, with the borrower using risk free rates instead of Libor as a benchmark.

The company has signed a £100m three year revolving credit facility from HSBC and a £50m revolver and £30m term loan, both with five year maturities, from NatWest Markets. 

Both loans replace existing lines, with Target Healthcare increasing the facilities sizes from £80m and £50m, respectively. 

This will allow the ...

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