17th May 2005 12:13
Hammerson PLC17 May 2005 Hammerson plc - £370 million Revolving Credit Facility Hammerson plc announces the successful syndication and signing of a £370 millionfive year revolving credit facility. The facility is extendable for two furtheryears at the option of the lenders. The facility carries a margin of 37.5 basispoints over LIBOR. It will be used for general corporate purposes. The facility was increased from £250 million to £370 million following anover-subscription. The facility was arranged by 13 mandated lead arrangers,Barclays Capital, BNP Paribas, Calyon, Dresdner Kleinwort Wasserstein, Eurohypo,Wachovia Bank, Fortis Bank, HSBC Bank plc, J.P. Morgan plc, NordeutscheLandesbank, Royal Bank of Canada Europe Limited, Royal Bank of Scotland plc andWestLB AG, with the following participants: Sterling (£) Barclays Bank Plc 25,000,000BNP Paribas 25,000,000Calyon 25,000,000Dresdner Bank AG London Branch 25,000,000Eurohypo A.G. London Branch 25,000,000Wachovia Bank N.A. 25,000,000Fortis Bank S.A./N.V. 25,000,000HSBC Bank plc 25,000,000JP Morgan Chase Bank, N.A. 25,000,000Nordeutsche Landesbank Girozentrale, London Branch 25,000,000Royal Bank of Canada Europe Limited 25,000,000Royal Bank of Scotland plc 25,000,000WestLB AG, London Branch 25,000,000Banco Populare di Verona e Novara, London Branch 15,000,000Sumitomo Mitsui Banking Corporation, Europe Ltd 15,000,000UFJ Bank Limited 15,000,000 This new facility will replace an existing £250 million facility which is due toexpire in July 2005. Following this, the total medium term committed financing available to Hammersonwill be approximately £2.4 billion. Simon Melliss, Group Finance Director, commented: " I am delighted with the excellent response we have received from our bankersfor this medium term facility. It provides flexibility for Hammerson during aperiod when we are undertaking a number of major capital projects." For further information: Simon Melliss Tel: 020 7887 1000Group Finance Director, Hammerson plc Christopher Smith Tel: 020 7887 1019Director of Corporate Affairs, Hammerson plc email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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