Signing of a EUR70 million syndicated credit facility
FREY S.A. (ISIN: FR0010588079 - FREY), a property investment company (French
REIT) specialising in open-air shopping centres, announces today the signature
of a EUR70 million syndicated loan with an initial term of 5 years, with two
optional one-year extension (notably subject to the prior lender's agreement).
This credit line will enable in particular to finance secured development
projects. It allows the Group to benefit from favourable financial conditions,
improve its financial flexibility and diversify its financing partners.
Société Générale acted as arranger in this transaction, and also as lender,
alongside Arkéa and Banco Sabadell.
FREY was advised by the law firm De Pardieu Brocas Maffei and the lenders by
Herbert Smith Freehills.
FREY is a property investment company (French REIT) specialising in major urban
renewal operations and the development and operation of open-air shopping
centres. Its Shopping Promenade(r) offer a complete offer combining shopping
and leisure, to create an "enhanced experience" for all the family. Through its
unique expertise, FREY has become a recognised French leader in this resilient
asset class, in the deep market (creation, extension, renovation) and in
perfect harmony with the expectations of consumers, retailers and
FREY is listed on compartment B of Euronext Paris. ISIN: FR0010588079 - Mnemo:
Emmanuel La Fonta - Director-Finance & Human Resources - Tel.: 03 51 00 50 50
Mathieu Mollière - Director of Communication, Marketing and Innovation
Agnès Villeret - Investor relations and financial press
KOMODO - firstname.lastname@example.org - Tel.: 06 83 28 04 15
French limited company (société anonyme) with share capital of
EUR47,104,162.50 - 1, rue René Cassin - 51430 Bezannes
Reims Trade & Companies Register no. 398 248 591
For more information, see our website: frey.fr