Press release

New five-year €15.2 million bank loan

  •        Loan allows for the refinancing of a credit facility maturing in December 2017

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

Download the press release in 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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