Wimpey seals debt deal but reports losses

April 30, 2009
Taylor Wimpey’s debt refinancing deal is complete but it suffered a £1.84 billion loss, it announced in its annual financial report for the year ending 31 December 2008. The volume housebuilder said that its bondholders had approved its £1.57 billion refinancing deal, after reporting on 8 April that negotiations were “virtually complete.” But its dramatic profit loss, also outlined last …

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