By David Parsley2020-02-13T08:33:00
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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.