Taylor Wimpey building longer debt maturities

15 Jul 2010

UK homebuilder Taylor Wimpey is seeking to push out about £1.55bn of loans and bonds from 2012 until 2014, according to bankers close to the company.

It is in early discussions with about 15 banks and bond investors to extend the debt and reduce covenant restrictions.

The borrower’s main bank facility is a £2.5bn revolver due in June 2012. Barclays Capital, HSBC, Lloyds Banking and Royal Bank of Scotland led that deal, which is not ...

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