REG - Sirius Real Estate - Sirius secures €150m Revolving Credit Facility

About this update from Rashtriya Chemicals & Fertilizers Ltd.

RNS Number : 0566O Sirius Real Estate Limited 24 June 2025 SIRIUS REAL ESTATE LIMITED(Incorporated in Guernsey)Company Number: 46442JSE Share Code: SRELSE (GBP) Share Code: SRELEI: 213800NURUF5W8QSK566ISIN Code: GG00B1W3VF5424 June 2025Sirius Real Estate Limited("Sirius Real Estate", "Sirius", the "Company" or the "Group")Sirius secures €150 million Revolving Credit Facility from three bank consortium- RCF provides additional resources for acquisitions and allows for efficient cash management through bond refinancings -Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, has secured a new €150 million unsecured revolving credit facility ("RCF" or the "Facility"), with an initial three-year term. The RCF has two one-year extension options and incorporates accordions allowing it to be upsized by up to an additional €100 million, all of which are at the Company's request and require bank consent.The Facility carries a margin of 120bps over short term EURIBOR, which is currently approximately 2% (leading to an interest cost of 3.2% if it were drawn down at existing rates), with covenants aligned where possible to the Group's most recent bond issue in January 2025.The RCF further diversifies Sirius' debt, adding BNP Paribas as lenders for the first time, as well as ABN AMRO for the first time in over a decade, with HSBC completing the consortium. Panmure Liberum acted as debt advisor to the Company. The Facility significantly enhances Sirius' financial flexibility, allowing the Company to continue to take advantage of current market conditions and its strong acquisition pipeline in Germany and the UK, as well as managing cash balances efficiently as it passes through bond re-financing windows.The Company also continues to investigate the lower cost funding in the German financing market available to it from local banking partners in conjunction with asset acquisitions and will take advantage of opportunities to secure such funding where appropriate.Chris Bowman, CFO, commented, "Along with our recent equity fundraise and bond issuance, this Facility provides us with further flexibility to capitalise on our exciting pipeline of opportunities in Germany and the UK. It also further diversifies our debt by adding BNP Paribas and ABN AMRO to our current...

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