Brief: Lar Espana Repays Early Bank Financing And Cancels Corresponding Guarantees

HELIOS RE SOCIMI

19/11/2021 06:20

Nov 19 (Reuters) - Lar Espana Real Estate SOCIMI SA
 LRES.MC :
    * SAID ON THURSDAY COMPLETED EARLY REPAYMENT AND
CANCELLATION OF
LIABILITIES THAT ENCUMBERED LAR ESPANA GROUP UNDER FACILITY
AGREEMENTS FOR TOTAL OF 247.4 MILLION EUROS
    * REPAYMENT OF OUTSTANDING BALANCE OF FINANCING WAS CARRIED
OUT
USING PART OF FUNDS RAISED IN ISSUE OF SENIOR UNSECURED GREEN
BONDS MATURING IN 2028
    * AS A RESULT OF EARLY REPAYMENT, LAR ESPANA PROCEEDED TO
CANCEL
AND EXTINGUISH GUARANTEES GRANTED IN THE CONTEXT OF FINANCING,
WHICH INCLUDE SEVERAL MORTGAGES ON REAL ESTATE ASSETS GRANTED BY
COMPANY'S SUBSIDIARIES
    * IN ADDITION, VARIOUS PLEDGES OVER SHARES, CREDIT RIGHTS
AND BANK
ACCOUNTS, WHICH WERE GRANTED IN CONNECTION WITH FINANCING, HAVE
BEEN CANCELLED

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNMbG8yN7
 Further company coverage:  LRES.MC  

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