8th Jul 2015 10:12
LONDON (Alliance News) - Market Tech Holdings Ltd Wednesday said it has agreed headline terms with third-party debt providers for a substantial debt package to enable it to drive growth and development plans.
The company, which owns and manages the main Camden markets properties in North London, said the long-term debt package will allow it to receive funding from debt providers who understand its assets. The package would be in excess of the amount of the existing drawn senior debt facilities equating to around GBP200 million, which would be repaid in full from the new facilities, Market Tech said.
It will include an overall lower debt financing cost including a significantly improved margin compared to the existing senior debt facilities and would be for an extended term of up to ten years, Market Tech said.
Shares in Market Tech were trading down 0.4% at 246.00 pence Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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