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Lloyds and Oz Real Estate agree £525m refi of Oaktree's PegasusLife

The UK retirement living group will refi existing facilities and use capital for growth

Lloyds Banking Group and the US's Oz Management, on behalf of funds managed by Oz Real Estate in partnership with Lloyds, have closed on an up to £525m whole loan facility secured by assets owned by the UK's PegasusLife Group, a retirement living company wholly-owned by funds managed by Oaktree Capital Management, CoStar News can reveal.

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