NewRiver Retail REIT £430 million refinancing

Overview:

• NewRiver Retail REIT has undertaken a £430 million refinancing.
• The financing consists of a £165 million term loan, a £215 million revolving credit facility and a £50 million term loan and replaces £414 million in existing secured facilities.
• Barclays, HSBC, RBS and Santander acted as lenders.
• NewRiver REIT is an LSE listed real estate investor focused on the UK retail and leisure sectors.
• Its £1.3 billion portfolio consists of 33 shopping centres, 22 retail warehousres, 15 high street real esatte assets and 344 pubs.
• Rothschild & Co acted as financial adviser.

Sam Duke - Editor