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LSAV term loans

Legal & General facility
In January 2023, a facility agreement was entered into for the purposes of property financing, between Unite Capital Cities Limited Partnership, LDC (Capital Cities) Limited, LDC (Capital Cities Nominee No.1) Limited, Unite Accommodation Management 19 Limited, Legal & General Pensions Limited and LGIM Commercial Lending Limited. The total commitments under the facility are £149,000,000 and the final maturity date of the facility is 19 December 2022.

Pursuant to the facility agreement, certain assets of the obligors are secured.

Nuveen facility
On 1 February 2017, LSAV (Aston Student Village) LP, acting through its general partners, LSAV (Aston Student Village) GP1 Limited and LSAV (Aston Student Village) GP2 Limited, as borrower, and a number of subsidiaries of the Company, as guarantors, entered into a term loan facility agreement with Nuveen as lender and arranger and CBRE Loan Services Limited as agent and security agent. Under this agreement, a £140,118,000 secured loan facility was made available for drawing by the borrower.

The facility was applied towards financing the cost of acquisition of five specified properties.

The facility terminates on 15 April 2027, with the option to extend it by one year, at the lenders’ sole discretion.

Barings facility

In June 2021, a facility agreement was entered into for the purposes of property financing with Barings. The total commitments under the facility are £140,000,000 and the maturity date of the facility is in June 2029.

Bank of America facility

In April 2022, a facility agreement was entered into for the purposes of property financing with Bank of America. The total commitments under the facility are £400,000,000 and the maturity date of the facility is in April 2027.