Brief: Lar Espana Secured Commitments For Up To 650 Mln Euros In New Financing

HELIOS RE SOCIMI

18/09/2024 16:53

Sept 18 (Reuters) - Lar Espana Real Estate SOCIMI SA
 LRES.MC :
    * INFORMS ON ALTERNATIVE FINANCING AGREEMENT
    * SECURED COMMITMENTS FOR UP TO 650 MILLION EUROS IN NEW
FINANCING
FROM J.P. MORGAN TO COVER REPURCHASE OF BONDS AND AMOUNTS
OUTSTANDING UNDER FINANCING FROM EIB
    * FINANCING HAS BEEN SECURED FOR TERM OF UP TO THREE YEARS
FROM
THE SIGNING
    * CO WILL ONLY DRAW DOWN NEW FINANCING IF OFFER IS NOT
SUCCESSFUL
AND BIDDER DOES NOT ACQUIRE EFFECTIVE CONTROL OF CO
    * FINANCING IS ALTERNATIVE TO REFINANCING OF COMPANY'S
EXISTING
DEBT AGREED BY BIDDER IN CONNECTION WITH THE OFFER
    * EXPECTS TO ENTER INTO FINAL FINANCING AGREEMENTS WITH JP
MORGAN
IN COMING WEEKS

Source text for Eikon:  ID:nCNM8S3Yt4 
Further company coverage:  LRES.MC 

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