Canary Wharf Group has secured a £610 million ($778 million) loan from Apollo Global Management to refinance upcoming bond maturities due in 2025 and 2026. The five-year loan is backed by the group's portfolio of interconnected underground malls, which are nearly fully occupied, catering to the affluent local population.
Canary Wharf Group has received approval from its bondholders to raise new debt, enabling the refinancing of approximately £600 million ($760 million) in maturing notes. The move will address the company's 2026 notes and £350 million in bonds due in April, with plans to roll over other bonds maturing in 2028.
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