Unite Group revolving credit facility
On 20 November 2017, The Unite Group plc, as borrower, and a number of subsidiaries of the Company, as guarantors, entered into an unsecured revolving credit facility, with HSBC Bank plc and National Westminster Bank
as lenders and arranger, and HSBC Bank plc and The Royal Bank of Scotland plc as hedge counterparties. Under this agreement, a £350,000,000 revolving loan facility was made available to Unite for drawing by the borrower. The
facility size was increased in August 2020 to £450,000,000.
The proceeds of the revolving credit facility can be applied towards the general corporate purposes of Unite, the refinancing of any of Unite’s existing secured debt and/or refinancing any facilities of Unite that have a maturity
date that is before the termination date of the revolving credit facility.
The revolving credit facility terminates on the fifth anniversary of the date of this agreement, i.e. 20 November 2022.
The revolving credit facility may be prepaid in whole or in any part and may be redrawn. The facility agreement contains no prepayment penalties, although break costs may be payable in certain circumstances.