VITURA (EPA:VTR) CeGeREAL refinances €400 million with a pool of four banks
Transparency directive : regulatory news
27/07/2012 07:30
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Press ReleaseParis, July 27th, 2012, 7:30 am
CeGeREAL refinances EUR400 million with a pool of four banks
CeGeREAL has secured EUR400 million in financing to replace its bank loan due
in March 2013. Aareal Bank, Bayern LB, pbb Deutsche Pfandbriefbank and
Landesbank Berlin AG / Berlin Hyp were selected following a European call for
tenders.
This successful operation attests to the quality of CeGeREAL's portfolio of
properties, their simple ownership structure and the banks' confidence in the
robustness of the asset base.
The loan is backed by a portfolio of three office properties with a combined
surface area of 120,000 sq.m. of which 81% is currently let. They include Arcs
de Seine, one of the first complexes in the area to obtain HQE "Exploitation"
environmental certification.
Raphaël Tréguier, Chief Executive Officer of CeGeREAL, said: "We are very
pleased to have completed this EUR400 million refinancing operation ahead of
time in a difficult credit environment. Along with the ongoing remarketing of
Arcs de Seine, the operation's success allows us to look forward to the rest of
the year with confidence."
CeGeREAL was assisted by Shift Capital (Damien Giguet) to facilitate the
negotiations with the banks, by De Pardieu Brocas Maffei (Emmanuel Fatôme,
Emmanuel Chauve) for legal and tax advice. The lenders were advised by Godet
Gaillard Solle Maraux & Associés (Jean-Maurice Gaillard, Chloé Thiéblemont),
and Allez & Associés.
* Financial Calendar
- November 13, 2012 Q3 Quarterly information
About CeGeREAL (NYSE Euronext Paris - Compartment B - CGR)
CeGeREAL is a REIT-style property company ("SIIC") that invests in very large
prime office properties. Its portfolio currently comprises three office
buildings located in the inner suburbs of Paris. The portfolio's appraisal
value, as estimated by independent valuers BNPP Real Estate as of June 30,
2012, was EUR860 million excluding transfer costs.
www.cegereal.com
Media relations Investor relations
Lucie Larguier / 01 53 32 84 75/ Raphaël Tréguier / 01 42 25 76 36 /
lucie.larguier@citigate.fr raphael.treguier@cegereal.com
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