IN BRIEF: Derwent London gets GBP100 million revolving credit facility
Derwent London PLC - owns real estate portfolio in central London worth GBP5 billion - Signs up to a GBP100 million unsecured revolving credit facility with the UK arm of Sweden's Handelsbanken. The new RCF has a five-year term with two one-year extension options. It also has a GBP50 million accordion option. Derwent London doesn't provide the interest rate of the RCF but says its margin over a benchmark and financial covenants are in line with the company's other bank facilities. Read More