USAF term loan

On 11 August 2016, USAF No.18 Limited Partnership, acting through its general partner, USAF GP No.18 Limited, as borrower, and a number of subsidiaries of Unite Group plc, as obligors, entered into a term loan facility agreement with Wells Fargo Bank, N.A., London Branch as lender, mandated lead arranger, agent and security trustee, and Wells Fargo Securities International Limited as hedge counterparty. Under this agreement, a secured £100,000,000 term loan facility was made available for drawing by the borrower. The notional value was increased to £150,000,000 in April 2020.

The facility is to be applied towards the general corporate purposes of USAF, including the financing of acquisitions of additional properties.

The facility terminates in March 2024, with the option to extend it by two years.