AIM-listed property investor Panther Securities is near to wrapping up an £68m refinancing deal with HSBC and Santander.
The company said credit approval for the proposed refinancing has now been obtained from both of its joint lenders and it now expects to complete the deal in the new year.
The new four-year facility is split between a £55m term loan and a £13m revolving facility. Panther said the agreed terms include an improved interest margin for the company and similar covenants to the existing facility, set to expire next July.
