Bullring owner agrees new £360m finance deal

Bullring shopping centre
Retail property company Hammerson – part-owner of Birmingham’s Grand Central and Bullring – has agreed a new £360m funding deal as it looks to reduce borrowing costs. The company has signed an unsecured Revolving Credit Facility at an initial margin of 90 basis points with a syndicate of 14 international banks.  The facility has a maturity of five years, which may be extended to a maximum of seven years. The new facility will refinance an existing £175m RCF due to mature next April. This existing facility featured a mar... For the full story register now for free or login below...