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Taylor Wimpey builds new debt structure

UK housebuilder Taylor Wimpey has refinanced all of its existing debt facilities with a £1.3bn simplified debt structure. A £950m revolving credit facility, a £100m five year term loan and £250m of senior bonds have replaced all of the firm’s existing loans, private placements and Eurobonds, all of which had been set to mature in July 2012.

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