12 August 2014

Hibernia Enters €100 Million Revolving Credit Facility

Other Corporate News

Hibernia REIT plc (Hibernia) announces that it has entered into a €100 million three year revolving credit facility with Bank of Ireland Corporate Banking, secured against a corporate level debenture.

Hibernia now has debt facilities totalling €134 million related to its portfolio and cash and undrawn committed facilities of more than €140 million.

Tom Edwards-Moss, Chief Financial Officer of WK Nowlan REIT Management Limited, the Investment Manager, commented:

"We are very pleased to have entered our first corporate debt facility, which provides us with flexible funding at attractive rates with which to invest in and grow our portfolio. We remain committed to a conservative debt strategy, with our loan to value not exceeding 40% at incurrence, well within the limits of the Irish REIT Regime.”