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MAG Secures £280M Bank Loan
Manchester Airports Group has acquired a £280 million loan facility from seven banks.
Manchester Airports Group (MAG) has acquired a £280 million loan facility from seven banks, Financial Times reports. The new five-year loan will replace MAG’s £300 million existing facility with six banks.
The proceeds from the facility may be used by the company to upgrade its terminals. The banks, Barclays, Co-operative Bank, Handelsbanken, RBS, HSBC, YorkshireBank and Santander, have each extended £40 million towards the facility.Click here for the story from Financial Times.
Click here for the additional coverage from Manchester Confidential.