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More help: Commercial lenders to Olympia & York Developments Ltd. pledged millions of dollars in new cash to keep afloat a London development but stopped short of the $200 million urgently sought by the world`s biggest real estate developer. Sources close to the talks between 11 creditor banks and the Toronto-based developer said the amount would be ”somewhat less than 50 million pounds ($87.5 million).” Olympia & York Holdings Ltd. is struggling to restructure debts of $12.1 billion and must raise $260 million in the next 90 days.
