Inland Plc (INL.L) said it has signed a GBP 10 million revolving credit committed bank facility with its bankers, National Westminster Bank Plc.
The new facility is committed to 15 December 2009 and is secured on some of the group's land and property assets.
The reduced level of the facility is mainly due to the low loan to values offered by the bank, which are as little as 30% on unconsented sites.
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