Grainger gets £615m FSF as trend for structure wanes
Grainger, the residential property group, has become the latest in a long-line of UK borrowers to secure a forward start facility, although the structure is becoming rarer as more companies are opting for straight refinancings. Grainger, whose shares rose 6% yesterday following the news, extended £615m of term loans for between 18 and 30 months.
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