Retirement village operator secures £120m from Lloyds Bank
26th June 2012
THE ExtraCare Charitable Trust, a provider of retirement villages, has agreed a deal worth £120m with Lloyds Bank Wholesale Banking & Markets.
The arrangement incorporates a restructuring of the Trust’s existing funding from the bank, a bespoke interest rate strategy, and an additional £50m to support the charity’s strategic expansion plans.
Established in 1988 and headquartered in Binley near Coventry, the ExtraCare Charitable Trust has built up a network of retirement villages and comm......for the full story register now for free or login below...
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