Impact agrees £25m credit facility

Impact agrees £25m credit facility

Impact Healthcare REIT has agreed a new revolving credit facility worth £25m with Clydesdale Bank.

The facility will help the real estate investment trust to manage its capital structure and support growth plans.

The group signed a £50m loan facility with Metro Bank, which has been fully committed, last year.

In February, Impact said it intended to launch a 12-month placing programme to enable the investor to issue up to 200 million new ordinary shares.