BRIEF-Stenprop Gets New £66.5 Mln Long Term, Fixed Rate Facility
Dec 15 (Reuters) - Stenprop Ltd STPJ.J :
* STENPROP - SIGNIFICANTLY REDUCES COST OF DEBT ON MULTI-LET INDUSTRIAL PORTFOLIO WITH NEW £66.5 MILLION LONG TERM, FIXED RATE FACILITY
* STENPROP - NEW FACILITY REFINANCES AN EXISTING £61.5 MILLION LOAN
* STENPROP - NEW FACILITY ALLOWS COMPANY TO SIGNIFICANTLY REDUCE ITS FINANCING COSTS BY AROUND £930,000 PER ANNUM
* STENPROP - ACROSS WHOLE MLI PORTFOLIO TRANSACTION REDUCES COST OF DEBT FROM 3% TO 2.2%
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