The Board of Triple Point Social Housing REIT plc announced the following updates: The Group has put in place £195 million of long dated, fixed rate, interest only sustainability-linked loan notes through a private placement with MetLife Investment Management clients and Barings respectively. The Loan Notes have a weighted average term of 13 years and a weighted average fixed rate coupon of 2.634%. The Loan Notes will enable the Group to refinance its existing floating rate Revolving Credit Facility (the RCF). The new Loan Notes are secured against a portfolio of specialised supported living properties located throughout the UK and worth approximately £390 million, representing a Day-1 loan to value ("LTV") of 50%. The amounts drawn down under the new Loan Notes are segregated and non-recourse to the Company. Fitch assigned a senior secured rating of 'A' to the Loan Notes. The Loan Notes are split into two tranches: Tranche-A: £77.5 million with a 10-year term priced at an all-in coupon of 2.403%; Tranche-B: £117.5 million with a 15-year term priced at an all-in coupon of 2.786%. The Loan Notes are the first debt instruments issued by the Company that are linked to sustainability targets agreed with the lenders. The loan proceeds of £195 million have enabled the Group to refinance the full £130 million drawn under its existing £160 million RCF (provided by Lloyds and NatWest). The additional £65 million will be used to acquire more income producing, specialised supported housing properties from the Group's pipeline which is in excess of £150 million. Whilst currently undrawn, the RCF will remain in place until December 2023 when it expires. The facility can be drawn at a LTV of 40% and has a margin in respect of drawn amounts of 1.85% per annum over SONIA. For undrawn debt under the RCF, the Group pays a commitment fee of 40% of the margin. The refinancing will temporarily increase the Group's consolidated LTV to c.38% (from c.32% as at 31 December 2020) which is below the Group's stated target of 40% and well below the Group's limit of 50%.