Tritax Big Box REIT PLC

Capital/Financing Update • Dec 17, 2019

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RNS Number : 0650X

Tritax Big Box REIT plc

17 December 2019

17 December 2019

TRITAX BIG BOX REIT PLC

(the "Company")

EXTENSION OF DEBT FACILITY

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) is pleased to announce that it has reached an agreement to extend the termination date in respect of £300 million of its £350 million unsecured revolving credit facility (the "Facility"), from 10 December 2023 to 10 December 2024. The maturity date of the residual £50 million will remain 10 December 2023.

The Facility, which is with a syndicate of lenders, retains its uncommitted £200 million accordion option and the margin payable under the Facility of 1.10 per cent. per annum over 3 month LIBOR remains unchanged. The Facility was entered into in December 2017 for an initial period of five years and this extension is the second of two one-year extension options that were available to the Company under the original terms.

The agreement in respect of the Facility extends the Company's weighted average debt maturity to 7.6 years.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Tritax Group Colin Godfrey (Partner, Fund Manager) Frankie Whitehead (Finance Director)	via Maitland (below)
Maitland (Communications Adviser) James Benjamin	Tel: 020 7379 5151 tritax-maitland@maitland.co.uk
Jefferies International Limited Gary Gould Stuart Klein	Tel: 020 7029 8000
Akur Limited Anthony Richardson Tom Frost Siobhan Sergeant	Tel: 020 7493 3631

The Company's LEI is: 213800L6X88MIYPVR714

NOTES:

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets ("Big Boxes") in the UK and is committed to delivering attractive and sustainable returns for Shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

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