Saudi's Kingdom Holding signs 200 million pound refinancing deal for Savoy

RIYADH Sat May 4, 2013 8:33am BST

Doorman at the Savoy Hotel for the past twenty eight years, Peter Maglin, stands on duty in central London, December 17, 2007. REUTERS/Toby Melville

Doorman at the Savoy Hotel for the past twenty eight years, Peter Maglin, stands on duty in central London, December 17, 2007.

Credit: Reuters/Toby Melville

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RIYADH (Reuters) - A subsidiary of Saudi Arabia's Kingdom Holding Co last week agreed to refinance the debt it used to buy London's Savoy Hotel with a new 200 million-pound loan, it said on Saturday.

Breezeroad is 50 percent owned by Kingdom, the investment vehicle of billionaire Prince Alwaleed bin Talal.

The financing was agreed with Credit Agricole Corporate and Investment Bank and DekaBank Deutsche Girozentrale.

(Reporting By Angus McDowall; Editing by Robert Birsel)

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