Grainger seeks £185m from placing

Helen Gordon

Grainger, the UK’s largest listed provider of private rental housing, is seeking to raise around £185m from a placing of almost 10 per cent of the company’s shares.

The group is placing up to 61.2m shares, which represents 9.99%, and including additional debt of around £120m based on company’s LTV target range, it will generate aggregate funding capacity of £305m. 

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