Redefine International, a high yielding property investment company, has completed the extension and restructuring of its 'Delta' debt facility.
The extension of the £114.6m Delta debt facility forms part of Redefine's ongoing efforts to reduce its overall loan to value ratio (net of cash) to no more than 60%.
In October, it raised £127.5m gross through the issue of over 490m new shares to pay down debt and create investment opportunities.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
It's largest shareholder, Redefine Properties International, which prior to the placing held approximately 71.7% of its equity, supported the fund raising, as did other shareholders. New shareholders were also brought on board.
CM
-
‘We’ve saved hundreds of pounds in energy by installing solar panels’A couple say they have cut their energy bills by hundreds of pounds thanks to solar panels, and they hope to recoup the cost of the installation within a decade
-
Where to travel in 2026From moon-shaped beaches in Japan to luxury fly fishing in Montana, we look at where to travel in 2026
