London & Associated Properties Extends Credit Facility

1st Jul 2010 07:44

LONDON (Dow Jones)--London & Associated Properties (LAS.LN), a specialist retail investor and developer, Thursday announces that it has extended its Revolving Credit Facility with RBS by 12 months, through to September 2012, and reduced the total available facility to GBP60 million from GBP90 million. MAIN FACTS: -LAP currently has GBP54.354 million drawn. -The margin is increasing to 1.5% (from 0.9%) and then 2.0% from September. -Shares closed Wednesday at 38.3 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 01, 2010 02:44 ET (06:44 GMT)