Nexity: Adjustment to corporate credit contract
April 04 2024 - 2:00PM
Nexity: Adjustment to corporate credit contract
ADJUSTMENT TO CORPORATE CREDIT
CONTRACT
Paris, 4 April 2024, 8:00 p.m.
On 2 April 20241, Nexity announced the sale of
100% of its Real Estate Services to Individuals activities to
Bridgepoint, one of the world’s leading investment firms.
Under the terms of this transaction, Nexity
received €400 million, which will enable the Group to
significantly step up the pace of its deleveraging process and give
it the room for manoeuvre required for its transformation.
The banks in Nexity’s banking syndicate have
already unanimously waived the Group’s obligations with regard to
bank ratios until the date at which the financial statements for
financial year 2024 are approved.
Nexity would like to thank all its partner banks
for their support throughout this process and in the implementation
of its transformation.
A similar process is underway with Euro PP
bondholders, with which the written consultation process will begin
on 5 April 2024.
NEXITY – LIFE TOGETHER With
€4.3 billion in revenue in 2023, Nexity is France’s leading
comprehensive real estate operator, with a nationwide presence and
business operations in all areas of real estate development and
services. Our strategy as a comprehensive real estate operator is
designed to serve all our clients: individuals, companies,
institutional investors and local authorities. Our corporate
purpose, “Life together”, expresses our commitment to creating
sustainable spaces, neighbourhoods and cities that let our clients
connect and reconnect. Nexity has been ranked France’s number-one
low-carbon project owner by BBCA for the fifth year in a row, is a
member of the Bloomberg Gender-Equality Index (GEI), was included
in the Best Workplaces 2021 ranking and was awarded Great Place to
Work® certification in September 2022. Nexity is listed on the
SRD, Euronext’s Compartment A and the SBF 120.
CONTACTSGéraldine Bop – Head of
Financial Communications / +33 (0)6 23 15 40 56Anne-Sophie Lanaute
– Head of Investor Relations and Financial Communications / +33
(0)6 58 17 24 22investorrelations@nexity.fr
1 See press release published on 2 April 2024, available on the
Company’s website: www.nexity.group/en/
- PR Nexity - Waivers - vdef
Nexity (EU:NXI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Nexity (EU:NXI)
Historical Stock Chart
From Nov 2023 to Nov 2024