MRM : Finalisation of a bank loan maturing at the end of 2021
December 23 2016 - 1:30AM
Press
release
Finalisation of a
bank loan maturing at the end of 2021
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
MRM Press release PDF
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: MRM via Globenewswire
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