Aviva, Segro Get Refi For Airport Portfolio
Aviva Investors and Segro have completed the refinancing of their Airport Property Partnership portfolio.
Aviva Investors and Segro have completed the refinancing of their Airport Property Partnership portfolio, The Wall Street Journal reports. The partnership has signed a five-year £400 million refinancing package.
The refinancing package was provided by a banking consortium, consisting of HSBC Holdings, Barclays Corporate, Royal Bank of Scotland, BNP Paribas, Credit Agricole CIB and Santander. The loan-to-value ratio of the fund is 46 percent and the all-in fixed cost of the debt is approximately 4 percent.
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