Login

Hammerson completes £1.5bn RCF to finance intu buy as Klépierre waits in the wings

Hammerson has completed the syndication and signing of a £1,500m unsecured Revolving Credit Facility at an initial margin of 100 basis points with a syndicate of twelve of its relationship banks, to support its proposed acquisition of rival intu. The facility has a maturity of three years.
CoStar News
March 20, 2018 | 2:29 P.M.

The facility can only be drawn on completion of Hammerson's December announced proposed acquisition of Intu Properties  announced on 6 December 2017 and will be used to repay selected Intu debt facilities. The terms of the new facility include Hammerson's standard unsecured financial covenants.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In