Brief: Teixeira Duarte Signs Refinancing Agreement With Banks

Teixeira Duarte SA

28/03/2025 06:26

March 28 (Reuters) - Teixeira Duarte SA TDSA.LS:

SAID ON THURSDAY, ITS WHOLLY OWNED CREDIT MANAGEMENT UNIT EI01, HAS REACHED A DEAL TO REFINANCE AND NOVATE TEIXEIRA DUARTE'S CREDIT'S WITH BANKS

AGREEMENT CONSISTS IN THE SIGNING OF TWO NEW FINANCING CONTRACTS WORTH A TOTAL OF 654.4 MILLION EUROS AND THE ESTABLISHMENT OF A NEW BANK GUARANTEES LINE WORTH UP TO 190 MILLION EUROS

UNDER THE AGREEMENT, ONE OF THE TRANCHES IN NEW FINANCING CONTRACTS, WORTH 78.3 MILLION EUROS, WILL BE FULLY PAYED THROUGH DELIVERY OF SHARES TO FIVE REAL ESTATE COLLECTIVE INVESTMENT CO'S, CREATED THROUGH TRANSFORMATION OF FIVE TEIXEIRA DUARTE'S REAL ESTATE CO'S, DURING 2025

 Source text: https://tinyurl.com/yftz2wr6
 Further company coverage: TDSA.LS

 (Gdansk Newsroom)

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