Hercules gains bondholder consent to CMBS restructuring

By A staff reporter 2009-10-08T00:00:00

Asset management company Schroders and UK REIT British Land announced on Tuesday that bondholders in the REC 4 retail park fund have unanimously approved proposals to restructure the terms of the £1 bn (EUR 1.08 bn) Commercial Mortgage Backed Security loan facility made to the Hercules Unit Trust.

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