(Reuters). On Tuesday St. Modwen Properties said the Blackstone-backed firm, which plans to privatize the UK logistics and residential real estate firm in a $ 1.75 billion deal, has entered into a loan agreement to finance the deal.
According to St. Modwen, Brighton Bidco Ltd and the co-borrower have a £ 1.15 billion ($ 1.57 billion) line of credit with RBC Europe Ltd, JP Morgan AG and United Overseas Bank Ltd.
(1 dollar = 0.7341 pounds)
Report by Aby Jose Koilparambil in Bangalore