Metrovacesa has signed an agreement with eleven financial institutions to refinance its corporate loan, which has been extended to 276 million euros and matures in October 2029, as reported to the Spanish National Securities Market Commission (CNMV).
The developer will use the additional funds obtained, among others, for investment in urban development, new investments and operational needs.
This financing complies with the Loan Market Association's sustainability lending principles and reflects the company's ‘firm commitment’ to sustainable development and its implementation through its Strategic Sustainability Plan.
In addition, as reported to the CNMV, Banco Santander and BBVA have contributed 76,142,259.41 and 50,232,740.59 euros to this operation as a ‘syndicated loan’, respectively.
