Sigma-advised “The PRS REIT” has today announced the launch of a placing programme to raise up to c.£250m equity. In addition, a £200m debt facility has been secured. At successful completion of the placing programme, this will take the REIT to a potential c.£1bn capacity upon securing additional debt facilities. Whilst incremental income will result for Sigma, we await confirmation of the total equity raised before revisiting our forecasts.
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The PRS REIT launches placing programme to raise up to c.£250m
- Published:
31 Jan 2018 -
Author:
Andrew Watson -
Pages:
3
Sigma-advised “The PRS REIT” has today announced the launch of a placing programme to raise up to c.£250m equity. In addition, a £200m debt facility has been secured. At successful completion of the placing programme, this will take the REIT to a potential c.£1bn capacity upon securing additional debt facilities. Whilst incremental income will result for Sigma, we await confirmation of the total equity raised before revisiting our forecasts.