Capital and Counties secures new debt facility

London property specialist, Capital and Counties Properties (Capco), said it had agreed a five year 70 million pound credit line with banks BNP Paribas and HSBC.

London property specialist, Capital and Counties Properties (Capco), said it had agreed a five year 70 million pound credit line with banks BNP Paribas and HSBC.

The company said the deal was its first revolving credit facility and gave it a more flexible financing structure.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.