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Airport Property Gets $643M Loan
Airport Property Partnership has secured a $643 million senior loan backed by its real estate.
Airport Property Partnershiphas secured a $643 million senior loan backed by its real estate,Bloombergreports, citingCoStar Group.HSBC Holdingsheaded a group of five banks giving the loan. The financing will be used to refinance a maturing debt.
The new lenders for the deal areBarclays,Royal Bank of Scotland,BNP Paribas,Credit AgricoleandBanco Santander. Airport Property Partnership is a joint venture betweenSegroandAviva Investors.
Click here for the story fromBloomberg.