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Hammerson eases covenant pressure and draws down debt as 16% of June UK rent collected

Among other things REIT has applied to government's Covid Corporate Financing Facility and received approval for £300m to improve liquidity

Hammerson said this morning it had again bolstered its balance sheet in response to the pressures exacerbated by Covid-19, not least the receipt of 16% of UK rent since the June quarter day, significantly increasing covenant headroom and improving liquidity.

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News | Hammerson eases covenant pressure and draws down debt as 16% of June UK rent collected