Regional REIT (GB:RGL) has released an update.
Regional REIT Limited has launched a capital raising initiative to generate approximately £110.5 million through a fully underwritten offering of new shares at a discount price, with the principal goal of repaying its £50 million retail bond and reducing bank liabilities to strengthen financial flexibility. The company plans to use the net proceeds to alleviate short-term liabilities, lower loan-to-value ratios, and fund capital expenditures that will boost earnings and support dividends. This strategic financial move is expected to enhance the company’s liquidity and position it for long-term shareholder value enhancement.
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