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05 September 2016

€525 million loan secured



Paris, September 5, 2016 – 8 a.m.
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Cegereal

€525 million loan secured

Cegereal has signed a €525 million credit agreement with a pool of European banks in order to refinance an existing €405 million loan maturing in August 2017 and to finance growth transactions.

Taking full advantage of favorable market conditions, Cegereal has negotiated a very competitive interest rate of 1.35%, for a debt ratio of 55%, reducing its finance costs by 45%. The loan has a maturity of five years, with the possibility to extend it for a further two years.

Aareal and Natixis acted as Mandated Lead Arrangers.
“Through this major deal, we have reduced the weight of our financial expenses and now have more headroom to carry out our growth projects” said Raphaël Tréguier, CEO of Cegereal.

Cegereal was advised by DLA Pipper, Fidal and Attal & Associés. Aareal and Natixis were advised by Archers and Allez & Associés

 

 

For more information, please contact:

Media RelationsInvestor Relations
Aliénor Miens / 01 53 32 84 77Raphaël Tréguier  / 01 42 25 76 36
alienor.miens@citigate.frraphael.treguier@cegereal.com

About Cegereal

Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated at €1,040 million as of June 30, 2016 (replacement value).

To date, Cegereal is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM "Very Good") and benefits from the Green Star rating in the international benchmark GRESB.
Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B (ISIN: FR0010309096). The Company had a market capitalization of €507 million on August 31, 2016.
www.cegereal.com