Capital Shopping signs new finance deal with banks

Capital Shopping Centres (CSC), the FTSE 100 real estate investment trust focused on the retail sector, has put in place a £375m revolving credit facility which will be used to "provide general group liquidity".

Capital Shopping Centres (CSC), the FTSE 100 real estate investment trust focused on the retail sector, has put in place a £375m revolving credit facility which will be used to "provide general group liquidity".

The company, which owns the Trafford Centre and Lakeside, says the new facility has a minimum term of five years and replaces the existing undrawn facility of £248m which is due to expire in June 2013.

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