Merlin signs green loans with banks for 660 million

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Merlin Properties has entered into a syndicated green loan of 600 million eurosfor five years, with five banking entities (BBVA, BNP Paribas, CaixaBank, Crédit Agricole and Société Générale) and a bilateral loan with Banco Sabadell, for five years, for an amount of 60 million.

The socimi has informed the National Securities Market Commission (CNMV) this Saturday that this corporate green financing allows it to add 660 million to your available liquidityreaching 2,000 million, which ensures the repayment of all debt maturities until 2027.

The financing has been closed with an average cost of 126 basis points over “midswap” (reference index of fixed income issues) and extends the average life of its debt from 5.2 to 6.1 yearswith which, according to Merlin Properties, the liabilities are ordered in view of the demands of the new cycle.

In addition to this financing, the company will have the loan agreed with the European Investment Bank (EIB) for the amount of 50 million euros for ten years.

Source: lainformacion.com

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