Bullring owner agrees new £360m finance deal
Retail property company Hammerson – part-owner of Birmingham’s Grand Central and Bullring – has agreed a new £360m funding deal as it looks to reduce borrowing costs.
The company has signed an unsecured Revolving Credit Facility at an initial margin of 90 basis points with a syndicate of 14 international banks. The facility has a maturity of five years, which may be extended to a maximum of seven years.
The new facility will refinance an existing £175m RCF due to mature next April. This existing facility featured a mar... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
