3rd Apr 2006 10:09
Hammerson PLC03 April 2006 Hammerson plc - £330 million Revolving Credit Facility Hammerson plc announces the successful syndication and signing of a £330 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 £330 million following anover-subscription. The facility was arranged by 12 mandated lead arrangers, TheBank of Tokyo-Mitsubishi UFJ Ltd, Barclays Capital, BNP Paribas, Commerzbank,Dresdner Kleinwort Wasserstein, Fortis Bank, HSBC Bank plc, IXIS, J.P. Morganplc, Lloyds TSB Bank plc, Royal Bank of Scotland plc and WestLB AG, with thefollowing participants: Sterling (£) The Bank of Tokyo-Mitsubishi UFJ. Ltd. 25,000,000Barclays Bank PLC 25,000,000BNP Paribas London Branch 25,000,000Commerzbank AG, London Branch 25,000,000Dresdner Bank AG, London Branch 25,000,000Fortis Bank S.A./N.V. 25,000,000HSBC Bank plc 25,000,000IXIS Corporate & Investment Bank 25,000,000JPMorgan Chase Bank, N.A. 25,000,000Lloyds TSB Bank plc 25,000,000The Royal Bank of Scotland plc 25,000,000WestLB AG, London Branch 25,000,000HSH Nordbank AG London Branch 15,000,000Mizuho Corporate Bank. Ltd. 15,000,000 This new facility will replace an existing £215 million facility which was dueto expire in June 2007 and which has now been cancelled. Following this, thetotal medium term committed financing available to Hammerson is approximately£2.8 billion, providing headroom of £0.7 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:
Hammerson