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Londonmetric Property completes £780m of debt refinancings
StockMarketWire.com
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Property company Londonmetric Property said it had concluded its £380 million private debt placement and completed two new revolving credit facilities totalling £400 million.
The two new revolving credit facilities included a 175 million facility for a five year term with two plus one year options with Wells Fargo; and a £225 million facility for a three year term with two plus one year options with NatWest, Barclays, HSBC and Santander.
'Taken together with the placement, the company has completed £780 million of new debt, replacing the existing £444 million RCF due to mature in April 2022 and two bilateral loans with Wells Fargo of £75 million and HSBC of £75 million,' the company said.
Story provided by StockMarketWire.com
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