Birmingham Airport agrees £45m refinancing deal to support runway extension
09.07.10
A team of local bankers have refinanced Birmingham International Airport, in a £45m deal that will support its development plans, including the proposed runway extension, the Birmingham Post reports. The £45m revolving credit facility has been arranged with Santander and RBS.
Mark Hattersley, finance director at the airport, said: ‘Birmingham Airport is a major infrastructure asset for the UK and a key driving force of the Midlands economy. We have now entered an important phase in the history of the UK aviation sector – one in which Birmingham Airport is expected to play a much greater role.'
'To enable us to meet the future needs of our passengers we continue to invest in our terminal buildings and are also progressing discussions with stakeholders on the extension of our runway. The new bank facilities that we are putting in place will assist us in fulfilling all of our medium term plans.’
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