Trafford centre owner agrees £600m refinance

TRAFFORD Centre owner Intu Properties has agreed a £600m revolving credit facility with a syndicate of banks.

The finance replaces a £375m facility that was due to expire in November 2018.

Seven banks are involved including all the providers of the current facility - Bank of America Merrill Lynch, Credit Suisse, HSBC, Lloyds Banking Group and UBS - plus, Barclays and the Royal Bank of Scotland.

It has a minimum term of five years with an option to extend by two. Intu said it will use the money to... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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