Miller and Weston refinance

April 1, 2012
Miller Group and Weston Homes have recently completed refinancing deals to boost their businesses.<br> <br> Miller has gained approval on a £160 million deal comprising new equity capital, following an announcement in December. The syndicate includes GSO Capital Partners, The Royal Bank of Scotland, Noble Grossart and senior executives of Miller including group ceo Keith Miller.<br> <br> "This new investment allows us to deliver further growth from a strong base at a time when our markets are showing good signs of recovery," said Keith Miller.<br> <br> Miller separately revealed a modest return to profit at the end of 2011 – £0.9 million against 2010’s loss of £16.8 million.<br> <br> Weston Homes completed a £120 million refinancing deal with a banking syndicate led by HSBC. The facility will allow the housebuilder to invest in new development opportunities as it continues to focus on growth. The facility runs until the second half of 2015.

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