London's Canary Wharf borrows $777 million from Apollo

London's Canary Wharf borrows $777 million from Apollo in refinancing deal
London's Canary Wharf district will borrow 610 million pounds ($777 million) from U.S. investment giant Apollo to repay bonds due over the next two years, raising its funding costs but removing near-term refinancing risks.
Canary Wharf Clinches Vital £610 Million Refinancing From Apollo
Funds managed by Apollo Global Management Inc. have agreed to provide a £610 million ($778 million) loan to Canary Wharf Group, enabling the owner of most of the east London financial district to repay upcoming bond maturities.
Apollo Lends £610M As Canary Wharf Completes £2B Of Refinancing
Apollo Global Management has completed a £610M loan to Canary Wharf Group, with the proceeds to be used to repay CWG’s bonds, due for repayment in April 2025 and April 2026, reducing debt pressure on the company. The whole loan has been secured in tranches against the majority of CWG’s 1.2M SF retail portfolio, which is 97% occupied.
Canary Wharf secures £610m loan with Apollo
Canary Wharf Group has secured a £610m loan with US private capital firm Apollo, the east London landlord confirmed on Tuesday.
Canary Wharf bondholders sign off on £610mn refinancing
Canary Wharf has secured bondholder approval for a £610mn refinancing plan, as the east London landlord nears the end of a high-stakes series of financing deals. Canary Wharf Group, which owns and manages large parts of London’s docklands financial centre,
London's Canary Wharf borrows $777 mln from Apollo in refinancing deal
London's Canary Wharf business district said on Tuesday it would borrow 610 million pounds ($777 million) from U.S. investment giant Apollo to repay bonds due over the next two years.
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Apollo lends London's Canary Wharf $777 million in refinancing deal
London's Canary Wharf business district said on Tuesday it would borrow 610 million pounds ($777 million) from U.S.