Accountancy Age

A £100m refinancing has been secured by property investment business Helical Bar. The listed property developer, which holds a number of retail, leisure and commercial developments, agreed a £100m five-year debt facility with pbb Deutsche Pfandbriefbank. The deal includes the refinancing of £46m of existing debt and has swelled Helical’s cash reserves by £29m. Repayable in February 2019, the facility operates at circa 4.5% interest. The new facility has…