Circle Property Gets GBP50 Million Loan from RBS
June 27 2016 - 07:46AM
Dow Jones News
LONDON--Circle Property PLC (CRC.LN) Monday said it has received
a 50 million pounds ($73 million) loan from the Royal Bank of
Scotland (RBS.LN) to refinance the Circle Property Unit Trust loans
of GBP39 million.
The specialist regional U.K. property investment, development
and management company said the facility will also be used to
provide capital for further acquisitions.
The loan has a three-year term, with two options to extend for a
further year, the company said.
Shares at 1115 GMT unchanged at 148 pence valuing the company at
GBP42 million.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
June 27, 2016 07:31 ET (11:31 GMT)
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