A group of international banks will put up £532m in a five-year development facility, for the first phase of development and refurbishment of the power station.
A £258.2m land facility will refinance the initial loan that funded the acquisition of the site, extending it by another five years.
The financing comes from a group of international banks that already have relationships with the shareholders of Battersea Power Station, including Malaysian bank CIMB, Singaporean bank OCBC, Standard Chartered and Maybank.
The terms of the financing deal the strong pre-sales of property in Phase 1, which has seen a 99% take up of the residential units at an unprecedented rate of sales.
Simon Murphy, Chief Financial Officer of Battersea Power Station Development Company, said: “The agreements are a demonstration of both the level of confidence in this project, in London and internationally, and the strength of the relationships between the shareholders of Battersea Power Station and the banks.”
Carillion started on phase one Circus West in July which will provide a mix of 866 flats and town houses.
The refurbishment of the Power Station itself, including reconstruction of the chimneys to the original designs, will begin next year.
Under these proposals the Power Station will comprise a mix of shops, restaurants, cafes and bars, plus a state of the art events space, offices, a hotel and new homes.