Residential Secure Income obtains £14.5m debt facility

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 09:20

Social housing investor Residential Secure Income said it had obtained a £14.5m debt facility secured against the 289 units in its local authority housing portfolio.

The facility had a three-year term and a margin of 1.50%, with the rate to be fixed at the time of drawing.

The financing package would be used to fund the portfolio, pending refinancing with long-term debt in combination with other assets, the company said.

At 9:20am: (LON:RESI) Residential Secure Income Plc share price was -0.5p at 89.7p


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