Intu secures credit extension | News

The landlord’s new 4-calendar year £440m revolving credit facility, to be supplied by all 7 of its existing banks, will replace its £660m facility which expires in Oct 2021. 

Its 7 banks comprise: Bank of The usa, Barclays, Credit score Suisse, HSBC, Lloyds, Natwest and UBS.

Matthew Roberts, chief government of Intu, explained: ”This extension of our RCF is a crucial milestone in addressing our near-expression refinancing desires. It also underlines the ongoing help we have from our connection banks. This revised RCF will increase the maturity profile and be made use of to present normal liquidity for Intu.

”Fixing the harmony sheet stays our quantity a single priority and we keep on being engaged with shareholders and prospective new investors in relation to the intended equity elevate.”

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