The Board of LXi REIT plc announced that the Group has made changes to its three term loan facilities with Scottish Widows that will reduce the interest rate payable and extend the maturity date. The Loans will now carry a reduced all-in fixed interest rate to maturity of 2.85% per annum, which is expected to generate a cash saving for the Group of approximately £2 million over the extended loan term, which has increased to 13 years for each facility (expiry 12 December 2033). As part of the agreement the existing security pools have been cross collateralised to provide further diversification to the lender and enhanced operational flexibility to the Group. The Loans previously carried a weighted average all-in fixed rate of 2.94% per annum and had a weighted average term to maturity of 10 years. The level of borrowings under the Loans (£170 million) and all other commercial terms remain as before. No arrangement fee has been charged and no break cost will be incurred.