McStone secures refinancing deal

Sept. 1, 2013
McCarthy & Stone has completed a major refinancing deal to enable delivery of its growth strategy. The retirement housebuilder has refinanced its existing liabilities totalling £518.9 million, to reduce the firm’s debt by £350 million. The firm’s shareholders have provided £527 million of refinancing to the business, through a five-year loan facility to refinance the remaining £160 million debt, and …

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