Blackstone鈥檚 mortgage REIT, Legal & General and Rothesay Life have refinanced two-thirds of Secure Income REIT鈥檚 existing debt.
The non-bank lenders have collectively lent 拢587m secured against the UK listed company鈥檚 portfolio of leisure and healthcare properties.
Legal & General, acting on behalf of its annuity fund and unnamed third-party client, said it provided 拢220m of debt secured against nine UK private hospitals let to the Ramsay Group.
Blackstone Mortgage Trust, which is listed on the New York Stock Exchange, and Rothesay Life have provided credit for Secure Income鈥檚 leisure assets.
The refinancing replace existing credit facilities provided by Bank of Scotland.
Secure Income REIT鈥檚 total debt amounts to 拢885m, down from 拢1.16bn last year.
Secure Income REIT said the refinancing and the (pictured) to Fubon Life last month have enabled it to repay 拢849m of its secured loan facilities.
The company said it was 鈥渃ontinuing to pursue opportunities to refinance the balance of the porfolio鈥�.
