New EUR 200m unsecured revolving credit facility

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8950R Globalworth Real Estate Inv Ltd 01 November 2019  \n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n1 November 2019\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\nNew €200 million unsecured revolving credit facility\nGlobalworth, the leading office investor in Central and Eastern Europe, is pleased to announce that it has entered into a new €200 million unsecured revolving credit facility (\"RCF\") with a syndicate of its relationship banks and selected new lenders.  \nThe RCF has a term of 4.5 years and an additional €50 million uncommitted accordion option. The terms of the RCF have been structured to generally align with the Company's existing Euro Medium Term Note (EMTN) programme.  The Board of Globalworth considers that the RCF will provide the Company with flexible, committed capital at an attractive interest rate. \nThe RCF was arranged by J.P. Morgan Securities Plc and the participating banks include Banca Transilvania S.A., Bank Of China Limited, BRD Groupe Societe Generale S.A., Deutsche Bank, JPMorgan Chase Bank, N.A., Intesa Sanpaolo and Raiffeisen Bank International AG.\nJ.P. Morgan Europe Limited will act as Facility Agent for the RCF.\nMihai Zaharia, Investment & Capital Markets Director, Globalworth, commented: \"This new financing facility adds flexibility to Globalworth's capital structure, consistent with the EMTN programme introduced last year and the Company's use of both equity and debt to fund its investment pipeline. We are delighted with the level of support received from a number of global financial institutions, affirming our growth strategy and the robust fundamentals of our markets.\"\n \nFor further information visit www.globalworth.com or contact:\n \nEnquiries\nAndrew Cox                                                      &...

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