ABU DHABI, UAE, October 31, 2011/PRNewswire/ --
Abu Dhabi Capital Management (ADCM) has announced that it will provide a loan facility to London-based real estate developer Northacre PLC.
The loan will be used to consolidate all existing debt and to provide sufficient headroom to finance working capital of Northacre for the foreseeable future.
Financing will be provided to a Northacre PLC vehicle through the purchase of a secured Eurobond which, subject to regulatory clearance, will be listed on the Channel Islands Stock Exchange (CISX) in the UK.