Derwent London has extended its principal £450m unsecured revolving credit facility due to mature in October 2026, the company said on Friday.
Derwent London
25 July 2025 08:01:04
Source: Sharecast
The new loan has been structured as an initial four-year term with two one-year extension options, it added, and will be used for general corporate purposes and will provide future funding for the group's development pipeline and sustainability-led initiatives.
Derwent also elected to cancel two £32.5m revolving credit tranches that formed part of its bilateral facilities arranged with Barclays in December 2024 and HSBC in February 2025. The two £82.5m term loan components of these facilities remain in place, the property investor added.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.