Canary Wharf bags crucial £160mln loan to meet debt payments
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Canary Wharf has secured a £610 million loan from US investment firm Apollo to address upcoming bond payments due in 2025 and 2026. This move comes as the company faces challenges from changing work patterns post-pandemic.
December 10, 2024 | 1:45 pm
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Apollo Global Management has extended a £610 million loan to Canary Wharf to help cover bond payments due in 2025 and 2026.
Apollo's involvement in providing a significant loan to Canary Wharf indicates a strategic financial move, potentially boosting its investment portfolio and showcasing its capability to support large-scale financial needs.
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