The Board of Civitas Social Housing PLC announced that the company has secured a 3-year floating rate revolving loan facility of up to £40 million from Lloyds Bank plc based upon a margin over three month LIBOR. The Facility, arranged by Lloyds Bank Commercial Banking, is repayable 3 years from the date of signing, with a 12-month extension option. It is secured against a ring-fenced portfolio of the company's properties. The Facility is the second tranche of a planned debt funding programme, following the £52.5 million fixed rate term loan facility from Scottish Widows Limited announced on 3 November 2017. Rothschild & Co advised on both financings. The Facility offers increased capital flexibility for the company while assembling its portfolio, alongside the primary use of long-term debt. The company anticipates announcing the provision of certain additional long-term fixed rate loan facilities in due course, in line with its stated intention to secure long-term debt funding.