13th Jul 2026 11:47
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.
Current stock price: 2,030.00 pence
12-month change: up 3.9%
By Tom Waite, Alliance News editor
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