Brief: BRIEF TEMPLATE Newsroom

BRANICKS AG

10/07/2023 06:29

July 10 (Reuters) - DIC ASSET AG  DICn.DE :
    * SAID ON FRIDAY: CONCLUDES NEW AGREEMENT TO EXTEND BRIDGE
FINANCING AND ADJUSTS FORECAST FOR 2023
    * AGREEMENT CONCLUDED TODAY PROVIDES FOR A FURTHER REPAYMENT
OF
EUR 200 MILLION IN JULY 2023
    * AS ADJUSTED EARNINGS FORECAST, FFO FOR 2023 IS NOW
EXPECTED TO
BE BETWEEN EUR 50 MILLION AND EUR 55 MILLION
    * DIC ASSET-REDUCING EXPECTED TRANSACTION VOLUMES FROM
ACQUISITIONS, DISPOSALS FOR INSTITUTIONAL BUSINESS SEGMENT FOR
2023 TO BETWEEN EUR 100 MILLION-200 MILLION
    * DIC ASSET - REMAINING AMOUNT EQUAL TO AMOUNT TO BE REPAID,
EXTENSION OF MATURITY FROM PREVIOUS END OF JAN 2024 BY A FURTHER
6 MONTHS TO 31 JULY 2024
    * TOTAL INCOME FROM REAL ESTATE MANAGEMENT IS NOW EXPECTED
IN
AMOUNT OF EUR 50 MILLION TO EUR 55 MILLION FOR 2023

Source text for Eikon:  urn:newsml:reuters.com:*:nEQQFdN6a
Further company coverage:  DICn.DE 

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