Tritax Big Box cuts debt cost with £500m facility

Tritax Big Box REIT has signed a £500m, five-year facility with a syndicate of four lenders, reducing its cost of debt by 35bps. Barclays, Helaba, Wells Fargo and ING Real Estate Finance have provided the loan, secured on Tritax’s portfolio of logistics assets, at an opening margin of 140bps above three-month LIBOR.