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Big Yellow completes £325m refinancing deal

 


Listed self-storage group Big Yellow has completed a £325m refinancing deal first announced on 2 September.


 


The revolving, five-year banking facility has been provided by HSH Nordbank as sole arrange and underwriter.


 


It will replace the previous £325m facility agreed with a banking group led by the Royal Bank of Scotland, which was due to expire in April 2010.


 


Big Yellow operates from 49 stores, with 48 in London and the South East and one in Leeds. A further 22 are in development.


 


annabel.dixon@rbi.co.uk

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