Travers Smith LLP has advised longstanding client Impact Healthcare REIT plc ("Impact") on the £24 million increase and four-year term extension of a revolving credit facility provided by National Westminster Bank plc ("NatWest"), taking NatWest's total commitments under the revolving credit facility to £50 million and the term maturity to June 2028.
Impact is a real estate investment trust trading on the Premium Segment of the Main Market of the London Stock Exchange. It invests in a diversified portfolio of UK healthcare real estate assets, and in particular, residential care homes.
The Travers Smith Finance team was led by Head of Finance Danny Peel supported by Associates Paris Taylor and James O'Neill and Trainee Sara Grey-Elsharif. The Travers Smith Real Estate team was led by Partner Sarah Walker, supported by Senior Associate Chris Towland and Trainee Ben Horbye. Head of Funds Aaron Stocks provided specialist advice.
