Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHammerson Regulatory News (HMSO)

Share Price Information for Hammerson (HMSO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 28.02
Bid: 28.08
Ask: 28.12
Change: -0.18 (-0.64%)
Spread: 0.04 (0.142%)
Open: 28.58
High: 28.58
Low: 27.78
Prev. Close: 28.20
HMSO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hammerson signs £1,500m Revolving Credit Facility

20 Mar 2018 07:00

RNS Number : 2131I
Hammerson PLC
20 March 2018
 

Hammerson plc

20 March 2018

 

Hammerson plc signs £1,500 million Revolving Credit Facility with a 3 year maturity

 

Following the announcement on 26 February 2018 with its year end results that terms had been agreed, Hammerson plc today announces the successful syndication and signing of a £1,500 million unsecured Revolving Credit Facility ("RCF") at an initial margin of 100 basis points with a syndicate of twelve of its relationship banks. The facility has a maturity of three years.

 

This new facility can only be drawn on completion of the proposed acquisition of Intu Properties plc ("Intu") announced on 6 December 2017 and will be used to repay selected Intu debt facilities. The terms of the new facility include Hammerson's standard unsecured financial covenants.

 

The MUFG acted as Coordinator for the facility and HSBC Bank plc were appointed as Facility Agent. Bank of China Limited London Branch, Barclays Bank plc, BNP Paribas, Deutsche Bank, HSBC Bank plc, J.P. Morgan Securities plc, Lloyds Bank plc, Mizuho Bank Ltd, National Westminster Bank Plc, Santander, MUFG and Wells Fargo Bank N.A. London Branch were appointed Mandated Lead Arrangers and Bookrunners.

 

Richard Sharp, Group Treasurer of Hammerson, said;

 

"This new facility supports our acquisition of Intu and is illustrative of the future refinancing opportunities in bringing Intu's secured debt structure onto Hammerson's unsecured debt platform. It is further evidence of the strength of our relationships with our existing banking group and continues to demonstrate the attractiveness of Hammerson's credit profile."

 

 

 

For further information contact;

 

Timon Drakesmith, Chief Financial Officer

Tel: +44 (0) 20 7887 1000

 

Richard Sharp, Group Treasurer

Tel: +44 (0) 20 7887 1119

richard.sharp@hammerson.com

 

 

 

The announcement above has also been released on the SENS system of the Johannesburg Stock Exchange.

 

 

 

ENDS

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODFKCDPKBKBNND
Date   Source Headline
4th Mar 20227:00 amRNSFinal Results
25th Feb 202211:30 amRNSDisposal of non-core assets
22nd Feb 20222:30 pmRNSDirectorate Change
21st Feb 202212:00 pmRNSHolding(s) in Company
21st Feb 20227:00 amRNSResponse to Press Speculation
15th Feb 202211:00 amRNSHolding(s) in Company
4th Feb 20229:00 amRNSNotification of 2021 Full Year Results
27th Jan 20227:00 amRNSTrading, operational and rent collection update
14th Jan 202211:15 amRNSHolding(s) in Company
13th Jan 20229:00 amRNSHolding(s) in Company
5th Jan 20229:00 amRNSHolding(s) in Company
4th Jan 20223:45 pmRNSTotal Voting Rights and Capital
4th Jan 202211:45 amRNSHolding(s) in Company
23rd Dec 20213:45 pmRNSDirector/PDMR Shareholding
23rd Dec 202111:00 amRNSDirector/PDMR Shareholding
22nd Dec 20217:00 amRNSPurchase of Shares by the Employee Benefit Trust
20th Dec 202111:45 amRNSDirector/PDMR Shareholding
17th Dec 202111:45 amRNSDirector Declaration
17th Dec 20217:00 amRNSTransaction in Own Shares
16th Dec 20217:00 amRNSTransaction in Own Shares
15th Dec 20217:00 amRNSDisposal of non-core assets
15th Dec 20217:00 amRNSTransaction in Own Shares
14th Dec 20213:50 pmRNSDirector/PDMR Shareholding
14th Dec 20217:00 amRNSTransaction in Own Shares
13th Dec 20217:00 amRNSTransaction in Own Shares
10th Dec 20213:50 pmRNSDirector/PDMR Shareholding
10th Dec 20217:00 amRNSTransaction in Own Shares
9th Dec 20217:00 amRNSTransaction in Own Shares
8th Dec 20217:00 amRNSTransaction in Own Shares
7th Dec 20219:00 amRNSTotal Voting Rights
7th Dec 20217:00 amRNSTransaction in Own Shares
6th Dec 20217:00 amRNSNotification of Share Repurchase Programme
2nd Dec 202111:15 amRNSOperational and Trading Update
2nd Dec 20217:00 amRNSInterim Dividend and Enhanced Scrip Alternative
30th Nov 20211:30 pmRNSBlock listing Interim Review
29th Nov 20217:00 amRNSResponse to Press Speculation
25th Nov 202112:00 pmRNSResults of the General Meeting
25th Nov 202110:30 amRNSHolding(s) in Company
25th Nov 20218:00 amRNSHolding(s) in Company
8th Nov 202112:15 pmRNSHolding(s) in Company
8th Nov 202111:30 amRNSHolding(s) in Company
28th Oct 202110:45 amRNSCash Fractions for the Enhanced Scrip Dividend
20th Oct 202112:45 pmRNSHolding(s) in Company
20th Oct 20217:00 amRNSOperational and Rent Collection Update
11th Oct 202111:00 amRNSCircular, Notice of Meeting and Form of Proxy
27th Sep 20219:00 amRNSCurrency Conversion & Scrip Reference Share Price
21st Sep 202112:30 pmRNSHolding(s) in Company
15th Sep 202110:30 amRNSHolding(s) in Company
10th Sep 202110:30 amRNSHolding(s) in Company
25th Aug 202112:30 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.