Lookers pays high price for refi

02 Jun 2009

Lookers, the UK car dealer, is searching for alternative sources of capital to repay part of its bank debt as it counts the cost of its latest refinancing exercise.

The FTSE small cap firm, which announced the refinancing on Monday as it released its full year results to the end of December, has signed a new £210m facility. The loan matures in April 30, 2012 and is split between a £53m revolver and two term loans totalling ...

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