July 19, 2016 / 8:57 PM / a year ago

BRIEF-Hudson's Bay Co announces $400 mln mortgage refinancing

July 19 (Reuters) - Hudson’s Bay Co

* Says new loan will mature in august 2021 and has an average interest rate fixed at approximately 4.3%

* Says additional proceeds will be used to reduce borrowings on company’s revolving credit facility

* Hudson’s Bay Co announces U.S. $400 million mortgage refinancing

* Net proceeds used to refinance existing mortgage and reduce outstanding revolving credit facility

* New loan will mature in august 2021 and has an average interest rate fixed at approximately 4.3% Source text for Eikon: Further company coverage:

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