StockMarketWire.com - Hibernia REIT said Wednesday it had refinanced its €400m secured revolving credit facility.

The credit facility was backed by a €320m unsecured credit facility and €75m of unsecured US private placement notes, the company said.

The unsecured facility had a five year term and a margin of 2.0% over EURIBOR, it added.

'As a result of the refinancing the weighted average maturity of the group's debt has increased from 1.9 years to 5.7 years,' the company said. At 10:06am: [LON:HBRN] Hibernia REIT Plc share price was -0.01p at 1.32p



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