BAA secures £2.75bn refinancing
BAA, owned by Spanish group Ferrovial, said the new deal was made up of £2bn in credit and £750m in standby facili- ties.
The new credit facilities mature in June 2017, and replace similar facilities that were due to mature in August 2013.
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Hide AdThe owner of London Heathrow – Europe’s busiest airport – said the bank deal would support its investment programme at Heathrow as well as its capital market activities.
“These new facilities provide BAA with the very strongest base for our investment programme to continue to improve Heathrow’s critical infrastructure,” BAA’s director of treasury Fred Maroudas said.