Primary Health Properties PLC (LSE:PHP) recently announced a new, £30 million secured revolving credit facility with Lloyds Bank plc. The facility is for an initial three year period, with the option to extend by two further years, at rates ranging from 155bp to 175bps over LIBOR depending on utilization. The Lloyds facility may be drawn in either Sterling or Euros at PHP's option. The facility will be used to fund further acquisitions from the Company's strong pipeline of acquisition opportunities both in the UK and Republic of Ireland.