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Capital Pacific Secures $125-Mil Loan

NEWPORT BEACH, CA-A subsidiary of the locally based real estate developer and investor, Capital Pacific Holdings Inc., has completed the unsecured loan facility with four major banks. The loan proceeds will be utilized for the repayment of existing secured bank debt and other general working capital purposes, Capital Pacific says.

By Erin Cassin | Updated on September 21, 2001

NEWPORT BEACH, CA-A subsidiary of the Newport Beach-based real estate developer and investor, Capital Pacific Holdings Inc., has completed a $125 million syndicated unsecured loan facility, the company announced today.

The proceeds of the loan will be utilized for general working capital purposes, in addition to the redeeming of the company’s existing 12% senior notes and the repayment of existing secured bank debt.

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