CPI PROPERTY GROUP

  • WKN: A0JL4D
  • ISIN: LU0251710041
  • Land: Großherzogtum Luxemburg

Nachricht vom 25.11.2020 | 22:14

CPI Property Group - New Revolving Credit Facility

DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous
25.11.2020 / 22:14
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, 25 November 2020

CPI Property Group - New Revolving Credit Facility

On 25 November 2020, CPI Property Group ("CPIPG" or the "Group") signed a new €700 million revolving credit facility with ten international banks. The facility matures in January 2026 and replaces the Group's existing €510 million revolving credit facility which matures in 2022.

"CPIPG greatly appreciates the support of our relationship banks, particularity with regard to the size, pricing and long tenor," said David Greenbaum, CFO. "While the 2022 revolving facility has never been drawn, this new 2026 facility creates a highly flexible source of liquidity for many years to come."

Lenders to the facility are Banco Santander, Barclays, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Komerční Banka, Raiffeisen Bank AG, UniCredit and Bank of China.

For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com

For further information please contact:

INVESTORS

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

CPI PROPERTY GROUP
Joe Weaver
Director of Capital Markets
j.weaver@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



25.11.2020 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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