Civitas secures £84m loan facility from M&G

Michael Wrobel, non-executive chairman, Civitas

Civitas Social Housing has secured a loan of £84.6m from M&G Investment Management Ltd, a new lender to the company. The facility is repayable seven years from the date of use and has been secured by an existing portfolio of specialist supported living assets. ‘We expect this loan to be utilised over the coming months…

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