Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
ATRIUM SIGNS NEW EUR125
MILLION REVOLVING CREDIT FACILITY
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15.10.2015
ATRIUM SIGNS NEW EUR125 MILLION REVOLVING CREDIT FACILITY
Ad hoc announcement - Jersey, 15 October. Atrium European Real Estate Limited
("the Company") (VSE/Euronext: ATRS), a leading owner, operator and developer of
shopping centres and retail real estate in Central and Eastern Europe, announces
that it has signed a new five-year unsecured revolving credit facility for a
total of EUR125 million which comprises EUR100 million of new credit and an
existing EUR25 million facility which has been extended. The facility was
provided by a syndicate of ING Bank N.V., Citibank N.A. and HSBC Bank plc.
Following this transaction, Atrium has EUR150 million of undrawn revolving
credit facilities.
Commenting on the transaction, Ryan Lee, Group CFO said: "With this new
revolving credit facility we have taken advantage of the continued current
favourable credit market conditions to improve the Company's financial
flexibility and extend the average maturity of our debt at improved costs."
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Ellie Sweeney
About Atrium European Real Estate
Atrium is a leading real estate company focused on shopping centre investment,
management and development in Central and Eastern Europe. As at 30 June 2015,
the Atrium Group owned 82 shopping centres and retail properties, with a market
value of EUR2.7 billion, diversified across seven countries, with a total gross
lettable area of 1.2 million sqm. In the six months ended 30 June 2015, the
Atrium Group had gross rental income of EUR103.6 million.
Atrium is based in Jersey and is dual-listed on the Vienna and Euronext
Amsterdam Stock Exchanges under the ticker ATRS.
Atrium is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Authority as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the NYSE Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
richard.sunderland@fticonsulting.com
end of announcement euro adhoc
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issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
sector: Real Estate
ISIN: JE00B3DCF752
indexes: Standard Market Continuous
stockmarkets: official market: Wien, stock market: Luxembourg Stock Exchange
language: English
Original-Content von: Atrium European Real Estate Limited, übermittelt durch news aktuell