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Merlin starts renegotiating its banking debt
26 March 2019 | Vanessa Sousa

Merlin Properties proposes an adjustment to the loans it has to financial institutions, by extending the deadlines and lowering the Euribor. Negotiations should be finished within the next few weeks.

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The Spanish REIT intends to renegotiate the payment of a large part of its banking debt, which is around 1.600 million euro. In order to do that, the company proposes to increase in five years the term of two loans, extending them until 2026, with the possibility of a further one year extension for each. In this way, Merlin can lower the Euribor in about 30%.

Besides what was mentioned above, the Spanish REIT placed on the table a green financing proposal, which, according Eje Prime, commits the company to use the funds to finance sustainable projects with well-defined goals concerning the environment.