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.