LondonMetric Property PLC (LSE:LMP) | RNS | LondonMetric - DISPOSAL OF LEEDS RETAIL PARK FOR £25.2M proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Investegate |LondonMetric Announcements | LondonMetric: Result of AGM investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Annual Report and Notice of Annual General Meeting LondonMetric Property Plc ( Company ) announces that the Annual Report and Accounts for the year ended 31 March 2021, the Notice of Annual General Meeting ( AGM ) and the Form of Proxy have been sent to shareholders today and are available for viewing on the Company s website at https://www.londonmetric.com/investors/report-presentation/year/2021 . The Notice of AGM is contained within the Annual Report and Accounts, and all of the above documents will be uploaded to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The Company previously announced its Annual Results for the year ended 31 March 2021 on 27 May 2021.
“These refinancings lengthen our debt maturity and reduce our overall cost of borrowing.
LondonMetric Property PLC (LON:LMP) said it had completed a £780mln debt refinancing with lower interest and a longer maturity period.
The new loan note and revolving credit facility replaces the previous arrangement and see debt maturity increase by 4 years to 8.2 years and the average cost of debt on a drawn basis drop to 2.6% (2.9%).
Martin McGann, LondonMetric’s finance director said: We have undertaken very significant refinancings of our debt position and are delighted with the support shown by our RCF lenders and the increased diversification of our private placement investors in North America and the UK.
Investegate |LondonMetric Announcements | LondonMetric: LONDONMETRIC SELLS £41M OF LONG INCOME ASSETS investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.