McCarthy & Stone secures refinancing deal for growth

Aug. 21, 2013
McCarthy & Stone has completed a major refinancing deal, allowing it to carry out its planned growth strategy. The retirement housebuilder has finalised the refinancing of its existing liabilities totalling £518.9 million, to reduce the firm’s debt by £350 million. McCarthy & Stone’s shareholders have provided £527 million of refinancing to the business, through a five-year loan facility to refinance …

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