Monday, Jul 12, 2010
New land on debt mountain
FT.com: Taylor Wimpey seeks refinancing package
Taylor Wimpey is negotiating with lenders over a refinancing package that would increase the ability of the UK’s second-largest volume housebuilder to buy land.
The company is seeking to refinance its bonds and bank loans after last year completing a £1.55bn debt restructuring that extended the repayments due on its debts to July 2012.
Posted by cynicalsoothsayer @ 12:25 PM (653 views) Add Comment
2 Comments
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1. Exiges said...
£1.55bn debt. Nice
2. simon68 said...
increase the ability of the UK’s second-largest volume housebuilder to buy land...........................
I doubt it. I guess the truth is Taylor Wimpey does have liquidity problem which is caused by tying up money in unsold flats.