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Derwent London

Property investor and developer Derwent London has raised more than £100 million of new finance through a US private placement with three institutional investors.
Wells Fargo has provided an unsecured £75m revolving credit facility to Derwent London. The five-year facility can be extended by up to two years and can be increased by £25m during its term.
Significant refinancing of Derwent London’s £1bn loans has helped the company earn a long-term corporate credit ratings boost from Standard & Poors. Standard & Poors raised Derwent’s long-term corporate credit rating to BBB+ from BBB "to reflect the company's improved financial profile".

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