Inland Homes Inks GBP65 Million Four-Year Credit Facility With HSBC

LONDON (Alliance News) - Inland Homes PLC on Wednesday said it has agreed a GBP65 million revolving credit facility with HSBC Holdings PLC.

The new facility has a life span of four years and includes an accordion of GBP20 million. It replaces a GBP20 million loan from Barclays PLC, the company said.

"We are very pleased to have secured this revolving credit facility from HSBC for our expanding house building activity. The new facility is more efficient and on better terms than the one it replaces and we look forward to working with HSBC," Chief Executive Stephen Wicks said.

Inland shares were trading down 1.0% at 61.00 pence each on Wednesday morning.