German bank HSH Nordbank said on Tuesday that it has arranged and underwritten a £325mln, five-year facility for Big Yellow, the leading provider of self storage facilities in the UK. The loan will replace a similar facility provided by a syndicate of banks led by the Royal Bank of Scotland. In a statement, HSH said the facility will be secured by fixed charges over Big Yellow's portfolio of self storage properties which provide nearly some 300,000 m[sup]2[/sup] of space.
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