L&G secures £150m to refinance leisure fund

The Royal Bank of Scotland (RBS) has provided a £30m, floating rate term loan and a £60m revolving credit facility, both for five-years, to refinance Legal & General (L&G) Property’s leisure fund. L&G Investment Management is also providing a £60m, five-year term loan, initially floating rate but fixed from Q4 2016, taking the total facility to £150m at an all-in cost below 2.7%.

PRIVATE REAL ESTATE

Register to unlock this content

• Daily global private real estate news and market intelligence
• Expertly curated insights to keep you ahead of the market
• Faster, data-driven decision-making powered by our AI interface, Ask PEI
• Access to proprietary research and reports
• Selected investor strategy and competitor performance data

Register nowFind out more

Insight