StockMarketWire.com - Social housing investor Residential Secure Income said it had obtained a £14.5m debt facility secured against the 289 units in its local authority housing portfolio.
The facility had a three-year term and a margin of 1.50%, with the rate to be fixed at the time of drawing.
The financing package would be used to fund the portfolio, pending refinancing with long-term debt in combination with other assets, the company said.
At 9:20am: [LON:RESI] Residential Secure Income Plc share price was -0.5p at 89.7p
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