HAMMERSON PLC - Hammerson plc signs 1,500 million Revolving Credit Facility with a 3 year maturity

Hammerson plc signs £1,500 million Revolving Credit Facility with a 3 year maturity

Hammerson plc
(Incorporated in England and Wales)
(Company number 360632)
LSE share code: HMSO JSE share code: HMN
ISIN: GB0004065016
(“Hammerson” or “the Company”)

20 March 2018


Hammerson plc signs £1,500 million Revolving Credit Facility with a 3 year maturity

Following the announcement on 26 February 2018 with its year end results that terms had been
agreed, Hammerson plc today announces the successful syndication and signing of a £1,500
million unsecured Revolving Credit Facility (“RCF”) at an initial margin of 100 basis points with a
syndicate of twelve of its relationship banks. The facility has a maturity of three years.

This new facility can only be drawn on completion of the proposed acquisition of Intu Properties
plc ("Intu") announced on 6 December 2017 and will be used to repay selected Intu debt facilities.
The terms of the new facility include Hammerson's standard unsecured financial covenants.

The MUFG acted as Coordinator for the facility and HSBC Bank plc were appointed as Facility
Agent. Bank of China Limited London Branch, Barclays Bank plc, BNP Paribas, Deutsche Bank,
HSBC Bank plc, J.P. Morgan Securities plc, Lloyds Bank plc, Mizuho Bank Ltd, National
Westminster Bank Plc, Santander, MUFG and Wells Fargo Bank N.A. London Branch were
appointed Mandated Lead Arrangers and Bookrunners.

Richard Sharp, Group Treasurer of Hammerson, said;

“This new facility supports our acquisition of Intu and is illustrative of the future refinancing
opportunities in bringing Intu’s secured debt structure onto Hammerson’s unsecured debt
platform. It is further evidence of the strength of our relationships with our existing banking group
and continues to demonstrate the attractiveness of Hammerson’s credit profile.”



For further information contact;

Timon Drakesmith, Chief Financial Officer
Tel: +44 (0) 20 7887 1000

Richard Sharp, Group Treasurer
Tel: +44 (0) 20 7887 1119
richard.sharp@hammerson.com



Hammerson has its primary listing on the London Stock Exchange and a secondary inward listing
on the Johannesburg Stock Exchange.

Joint Sponsors:
Deutsche Securities (SA) Proprietary Limited
Java Capital



ENDS

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