MRM : Finalisation of a bank loan maturing at the
Post# of 301275
Press release
Finalisation of a bank loan maturing at the end of 2021
- Early refinancing of a €48.6 million credit facility
- New €15.2 million credit facility intended for retail property value-enhancement programs
Paris, 23 December 2016: MRM (Euronext ISIN code FR00000601960060196), a mixed real estate investment company specialising in retail and office property, today announced the finalisation of a bank loan from SaarLB, maturing at the end of 2021 and comprising two credit facilities.
In accordance with the terms of the firm offer announced in the press release dated 10 November, 2016, the first of the credit facilities - in the amount of €48.6 million - replaces the credit facility of the same amount secured against part of MRM's retail property portfolio and maturing at the end of 2017. The second €15.2 million credit facility is intended for financing retail property value-enhancement programs.
MRM and SaarLB were advised by notary firm Lasaygues et Associés.
In addition, MRM also announced the agreement of the one-year extension, under the same conditions, of a €22.0 million loan maturing in January 2017.
Calendar
Revenues for the fourth quarter of 2016 and 2016 full-year results are due on 24 February 2017 before market opening and will be presented during an information meeting to be held on the same day.
About MRM MRM is a listed real estate company with a portfolio worth €224.4 million (excluding transfer taxes) as at 30 June 2016, comprising retail properties (66%) and offices (34%). Since 29 May 2013, SCOR SE has been MRM's main shareholder, holding a 59.9% stake. MRM is listed in compartment C of Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM: FP - Reuters code: MRM.PA) and opted for the SIIC status on 1 January 2008.
For more information:
| MRM 5, avenue Kléber 75795 Paris Cedex 16 France T +33 (0)1 58 44 70 00 relation_finances@mrminvest.com | Isabelle Laurent DDB Financial 54, rue de Clichy 75009 Paris France T +33 (0)1 53 32 61 51 isabelle.laurent@ddbfinancial.fr |
Website: www.mrminvest.com
Attachments:
(0)
(0)