Back
News

Regional REIT actively considering debt and equity raises

Regional REIT has warned that if it opts to raise capital through an equity raise, this would be at a “material discount” to its current share price.

The group made the announcement following speculation that it was about to undertake a £75m equity capital raise.

The firm said it was “actively exploring” a range of refinancing options, including debt and/or equity, in respect of its existing £50m retail bond, which matures in August.

Regional REIT said it had undertaken “significant preparatory work” in respect of both the debt and equity options, both of which it said remain under “active consideration”.

In the event that the company does do an equity issue, Regional REIT said it expected that this would be at a “material discount” to it current share price and would be subject to, among other things, shareholder approval.

“The company continues to consider its options and a further announcement will be made when appropriate,” said the group.

 

Send feedback to Samantha McClary

Follow Estates Gazette

Up next…