Home REIT PLC (GB:HOME) has released an update.
Home REIT PLC has announced that despite a thorough refinancing process led by AEW UK Investment Management LLP and JLL Debt Advisory, it has been unable to secure terms for refinancing its existing facility with Scottish Widows that would be favorable to shareholders. As a result, the company is focusing on repaying its £131.8m debt through property sales, having already reduced the debt by approximately £27m from recent property transactions. The Board is exploring various options to optimize outcomes for shareholders, which may include an extensive realization strategy following the failure to refinance.
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