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KWE revolving credit extended

11 July 2017 09:46

Kennedy Wilson Europe Real Estate's unsecured revolving credit facility of £225m, which was due to expire on 29 August, has been extended to the earlier of 28 February 2018 and the effective date of the merger transaction with Kennedy-Wilson Holdings.

KWE said that if the transaction was not effective by 28 February, it would have the right, subject to certain customary conditions, to extend the maturity of the facility for up to a further six months.

At 9:46am: (LON:KWE) Kennedy Wilson Europe Real Estate Plc share price was -0.5p at 1105.5p

Story provided by StockMarketWire.com

Related Company: KWE

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