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Hammerson draws £100 million under its credit facilities
By Wendy Van Sickle
Columbus, Ohio, March 30 – Hammerson plc drew an additional £100 million under its committed facilities on March 25, according to a company update filed with the London Stock Exchange in light of the Covid-19 pandemic.
At Dec. 31, the company said it had £1.2 billion of undrawn committed facilities and cash.
Hammerson said its liquidity will be further increased by the net proceeds of £395 million from the completion of its sale of a portfolio of seven retail parks, scheduled for April 23.
Hammerson is a real estate investment trust based in London.
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