Ashtenne Industrial fund refinances EUR 395m of debt

Aviva Investors and Warner Estate said on Tuesday that their Ashtenne Industrial Fund has refinanced its existing £364 mln (EUR 394 mln) loan facility for a further four years with Royal Bank of Scotland and the Lloyds Banking Group. The fund has also raised £45 mln (EUR 49 mln) of new equity to reduce its senior debt.

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