PART TWO A refinancing has created benefits but also new risks for the Trust
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The Trust approved a refinancing believing the benefits outweighed the costs and risks
The Trust approved a refinancing believing the benefits outweighed the costs and risks
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THC Dartford's refinancing plans gave the prospect of large benefits for its shareholders in which the Trust shared
The new code provided a framework for the Trust to benefit from the refinancing
Implementing the refinancing code required negotiations with THC Dartford but the outcome helped to establish the Treasury's intentions for how the code will operate
The Trust extended the contract term to share in higher refinancing gains and improve affordability, also considering other benefits were worth having for a longer period