Taylor Wimpey 'confident' Of Refinancing

摘要

Taylor wimpey has cut its debt by more than ￡300m since the middle of last year and is 'confident' it will reach agreement with its lenders over a refinancing package by the end of March.In December the struggling housebuilder agreed with its lenders to defer the testing date of some of its financial covenants.In a trading statement this week, the company said: 'Discussions with our debt providers relating to the refinancing of our existingdebt facilities continue on a constructive basis.'The level of debt was cut by more than ￡300m in the second half of 2008 to around ￡1.55bn.