Market Leads & Opportunities
Association raises finance package of £190m for 2,000 homes
Shepherds Bush Housing Group has secured a new finance package of £190m, including its first combined bank and institutional debt transaction.The new package will go towards supporting the delivery of its new 2018-2023 corporate strategy.The strategy includes building 2,000 new homes over the next 10 years and investment in existing homes while developing the digital capacity of the 5,000-home west London association.SBHG secured £40m from AIB and £150m from Macquarie Infrastructure Debt Investment Solutions (MIDIS) and MUFG Bank (MUFG).The MIDIS and MUFG package is a new long-term debt facility of £150m in the form of a three-year revolving credit facility of £30m, a 40-year institutional debt facility of £50m with a deferred draw and a shelf facility of £100m.The loans add to the landlord’s £157m financing portfolio.
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