CPP extends revolver as refi talks continue
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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