London's Canary Wharf secures a £610 million loan from Apollo, demonstrating strong lender support

From Investing.com: 2024-12-10 04:21:01

London’s Canary Wharf district secures a £610 million loan from Apollo to repay bonds due in the next two years. The area has faced challenges due to COVID-19, leading to the departure of key tenants like HSBC. The financing deal demonstrates strong lender support for the district, with the loan secured against the majority of its retail portfolio. No major refinancings are expected until 2028. ($1 = 0.7850 pounds)



Read more at Investing.com: London’s Canary Wharf turns to Apollo for $777 million loan refinancing deal By Reuters