Civitas closes £71m debt facility

Michael Wrobel, non-executive chairman, Civitas

Civitas Social Housing has closed a five-year term debt facility of £70.9m with a European bank lender. The facility has been used to close the company’s existing facility with Lloyds Bank of £60m as well as providing additional liquidity. The drawdown will increase the company’s loan-to-value to 35.3% (based on 31 December 2022 gross portfolio…

You must be a CM Subscriber to view this content.

Subscribe Now »