RGL’s acquisition of two property portfolios, first announced in early December, for an aggregate consideration of £93.4m including costs, completed just before Christmas. This followed the closing of a capital issue that raised £73m (gross) in new equity at 101p per share. The group has also completed a major refinancing programme, simplifying the debt structure and extending maturity, at no additional cost. We reinstate our estimates, including the acquisitions, which add
16 Jan 2018
Regional REIT - Asset growth and refinancing completed
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Regional REIT - Asset growth and refinancing completed
Regional REIT Ltd. (RGL:LON) | 21.0 0.1 3.4% | Mkt Cap: 108.3m
- Published:
16 Jan 2018 -
Author:
Martyn King -
Pages:
5
RGL’s acquisition of two property portfolios, first announced in early December, for an aggregate consideration of £93.4m including costs, completed just before Christmas. This followed the closing of a capital issue that raised £73m (gross) in new equity at 101p per share. The group has also completed a major refinancing programme, simplifying the debt structure and extending maturity, at no additional cost. We reinstate our estimates, including the acquisitions, which add