ExtraCare receives £120m boost to finance five retirement villages

Retirement village operator the ExtraCare Charitable Trust has undertaken a £120m refinancing arrangement with Lloyds Bank Wholesale Banking & Markets.The deal sees a rearrangement of ExtraCare’s existing funding from the bank, and a bespoke interest rate. There will be an additional £50m to finance the provider’s expansion plans to add at least five new villages…

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