St Modwen bidder enters loan agreement

21st Jul 2021 09:02

(Sharecast News) - St Modwen Properties said the Blackstone-backed firm planning to take the UK residential property company private in a $1.75bn deal has entered into a loan agreement to fund the transaction.
Brighton Bidco Ltd and a co-borrower have entered into a credit facility for £1.15bn with RBC Europe Ltd, JP Morgan AG and United Overseas Bank, according to St. Modwen.

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