Persimmon deal

April 1, 2009
Persimmon has completed a refinancing deal with its debt providers to relax its loan covenants and now has a new facility of £322 million until March 31 2012. The housebuilder currently has around £600 million of debt. After agreeing the refinancing deal, it now has an overdraft facility of £1.1 billion which will reduce to £560 million during 2011, it …

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