CPP extends revolver as refi talks continue

30 Apr 2013

The UK’s CPP Group has extended its guaranteed revolving credit facility to the end of September 2013, with the size reduced from £80m to £25m.

The facility, which is provided by Barclays, Royal Bank of Scotland and Santander, was due to expire on March 31 of this year. The borrower originally extended the line by a fortnight and then by another week before agreeing an extension of more than five months on April ...

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