New Financing Facilities with the Erste Group

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n FOR IMMEDIATE RELEASE\n \n \n  \n \n \n 23 December 2022\n \n \n \n Globalworth Real Estate Investments Limited\n \n \n \n \n (\"Globalworth\" or the \"Company\")\n \n \n \n \n New Financing Facilities with the Erste Group\n \n \n \n Globalworth, the leading office investor in Central and Eastern Europe, is pleased to announce the signing of two new facilities for an aggregate amount of €160 million.\n \n \n These facilities are part of the ongoing strategic management of our liquidity and debt management initiatives, further strengthening the Company's liquidity position at attractive market terms.\n \n The first facility is a €50 million unsecured Revolving Credit Facility (\"RCF\") with a three-year term, which has been structured to generally align with the terms of Company's existing Euro Medium Term Note (EMTN) programme and its existing syndicated €215 million RCF.\n \n \n The second facility is a\n €110 million asset-secured financing of the Company's logistics / light-industrial portfolio in Romania, with a ten-year term.\n \n Erste Group, through Erste Group Bank AG and\n Banca Comerciala Romana SA\n , has provided both facilities, further strengthening our relationship with one of our long-term financing partners.\n \n \n Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth, commented:\n \n \"Liquidity remains a key focus for us, so we are delighted to have obtained further flexible, committed capital on favourable terms, notwithstanding the prevailing macroeconomic environment. Also, in response and subject to market conditions, the Group may consider certain capital market transactions, including repurchasing issued bonds or shares in the upcoming reporting periods. I would also like to take this opportunity to thank the Erste Group for the close and successful cooperation over the years and to our continued partnership in the future\".\n \n \n For further information visit\n \n www.globalworth.com\n \n or contact: \n \n \n  \n \n \n \n \n \n \n \n Enquiries \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Stamatis Sapkas\n \n \n Chief Financial Officer\n \n \n  \n \n \n \n \n Tel: +40 732 800 000\n \n \n \n \n \n \n Panmure Gordon (Nominated Adviser and Broker)\n \n \n Alina Vaskina\n \n \n  \n \n \n \n \n Tel: +44 20 7886 2500\n \n \n \n \n \...

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