Hammerson has taken a new £420m revolving credit facility.
The unsecured facility replaces one due to mature in July 2017 at a margin of 150 basis points with one at 90 basis points.
The new five-year facility will result in a net £270m increase in the undrawn facilities held by Hammerson and leaves total committed financing available to the firm of £4.4bn.
In part the new facility will be used to refinance a €1.5bn RCF used for the investments in Ireland and also in Birmingham.
The new facility was co-ordinated by Lloyds Bank with HSBC as agent and China Construction Bank Corporation London Branch, Mizuho Bank, Wells Fargo and Bank of China as lead arrangers. There were also contributions from Barclays Bank, Crédit Industriel et Commercial and HSBC.
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