Tritax secures additional £50m debt facility

Tritax Big Box has agreed a £50m term loan in addition to the secured £500m debt facility agreed with a syndicate of lenders back in October last year, taking its aggregate facility to £550m.

The loan has been agreed with Wells Fargo Bank, which is one of the existing syndicate lenders, on the same terms as the original facility.

The additional term loan expires at the same time as the original in October 2020 and subject to lender support, Tritax has a twelve-month extension option available on the enlarged loan, which is exercisable in October 2017.

Tritax partner Colin Godfrey said: "We are pleased to have secured this further debt with Wells Fargo on the same attractive terms as agreed a year ago. We have secured a robust pipeline of investment opportunities on behalf of the company and look forward to announcing further acquisitions in the near term."