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Under-fire builder to strike deal.
(From Western Daily Press)
Struggling house builder Barratt Developments is to strike a deal with its lenders to strengthen finances hit by the housing market downturn, it emerged yesterday.
The company's bankers - led by HSBC, Royal Bank of Scotland, Barclays and Lloyds TSB - have given initial approval for a refinancing deal, according to reports.
Barratt is burdened by GBP1.7 billion in debt which it used to buy ...
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