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DGAP-News News vom 30.08.2018

CPI PROPERTY GROUP announces the signing of new EUR 80 million unsecured revolving credit facility

DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous

30.08.2018 / 18:15
The issuer is solely responsible for the content of this announcement.


CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

PRESS RELEASE
Luxembourg, 30 August 2018
 

CPI PROPERTY GROUP announces the signing of new EUR 80 million unsecured revolving credit facility


CPI PROPERTY GROUP ("CPIPG") announces the successful signing of a new EUR 80 million 2-year unsecured revolving credit facility with a group of leading international banks.

The EUR 80 million facility dated 30 August 2018 was structured to fully align with the EUR 150 million facility signed with six banks in March 2018, and also aligns with CPIPG's Euro Medium Term Note (EMTN) programme. Lenders in the new facility are HSBC Bank Plc, Nomura International plc, and Raiffeisen Bank International. Raiffeisen Bank International AG acted as mandated lead arranger and facility agent for the revolving credit facility. CPIPG intends to periodically draw (and repay) the revolving credit facility for general corporate purposes.

"CPIPG welcomes HSBC, Nomura, and Raiffeisen to our banking group," said David Greenbaum, CFO of CPIPG. "Revolving credit facilities are an important component of our liquidity management strategy, which we will continue to develop over time. Our banking group now comprises nine banks, who offer a superb combination of attractively-priced liquidity with access to strong investment banking advice and corporate banking services."
 

For further information please contact:

INVESTORS

CPI PROPERTY GROUP
David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com


MEDIA/PR

Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de



30.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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