MRM : New five-year €15.2 million bank loan
October 30 2017 - 12:52PM
Press release
New five-year €15.2
million bank loan
Paris, 30 October
2017: MRM (Euronext code ISIN FR0000060196), a real estate
company specialising in retail and office property, announces that
it has today taken out a new €15.2 million bank loan from Berlin
Hyp. This new loan matures at the end of October 2022 (bullet
loan).
Secured against a retail asset,
the new loan replaces a €14.8 million credit facility maturing on 8
December 2017, which has therefore been repaid in advance.
With this refinancing transaction,
more than 90% of MRM's debt now has a maturity of four years or
more, not including the €22 million loan from SCOR SE (MRM's
majority shareholder) secured against the Nova office building,
which is due to be sold.
MRM was advised on this
transaction by notary firm Lasaygues et Associés.
Berlin Hyp was advised on this transaction by notary firm Allez et
Associés and by law firm Fieldfisher.
Calendar
Revenues for the third quarter of
2017 are due on 9 November 2017 before market opening.
About MRM
MRM is a listed real estate
company with a portfolio worth €200.7 million (excluding transfer
taxes) as at end of June 2017, comprising retail properties (78%)
and offices (22%). Since 29 May 2013, SCOR SE has been MRM's
main shareholder, holding a 59.9% stake. MRM is listed in
compartment C of NYSE Euronext Paris (ISIN: FR0000060196 -
Bloomberg code: MRM:FP - Reuters code: MRM.PA). MRM opted for
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
T +33 (0)1 53 32 61 51
M +33 (0)6 42 37 54 17
isabelle.laurent@ddbfinancial.fr |
Website: www.mrminvest.com
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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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