MCKAY / MAY 2018 /
14
Improved facility profile
Low LTV despite:
•
£23.3m cap ex
•
£13.4m swap cancellation
Additional headroom
Substantial reduction
in WACD
1
50
100
150
200
£’ million
March 2018
March 2017
If fully drawn
147
65
190
Drawn
Fixed
65
Fixed
88
136
55
33
Drawn
Hedged
Fixed
0
LTV
32%
WACD
4.42%
LTV
32%
WACD
4.06%
LTV
38%
WACD
1
3.06%
1. WACD: weighted average cost of debt, at current rates
