Airport agrees refinancing deal to support expansion plans
09.07.10
A team of local bankers have refinanced Birmingham Airport, in a £45m deal that will support its development plans, including the planned runway extension, the Birmingham Post reports. The new revolving credit facility has been arranged with Santander and RBS.
Mark Hattersley, finance director at the airport, said: ‘We are a major infrastructure asset for the UK and a key driving force of the Midlands economy. We have 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 fulfil our future plans we will continue to invest in our terminal buildings and are also progressing discussions with stakeholders on the runway extension. These new bank facilities will assist us in fulfilling all of our medium term plans.’
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