CTP consolidates financing with record €1.9bn syndicated loan

CTP consolidates financing with record €1.9bn syndicated loan

Published at: 2019-06-25 08:50 | Author: CIJEurope.com
CTP has agreed with a consortium of three banks on a €1.9bn syndicated financing package for the industrial developer's Czech portfolio. It covers 2.7 million square meters spread among 200 buildings, with €1.6bn of refinancing along with a €269m in new financing that will be made available for projects to be completed in the next 18 months. "This deal secures our financing in the Czech Republic for the mid-term and will help us significantly in achieving our next goal of growing to 10 million square metres.” stated Remon Vos, CTP Group CEO. The deal consolidates 40 existing loan agreements into a single syndicated one, which CTP's CFO Zdeněk Raus said would simplify its financing arrangements. "We can streamline loan administration and processing and benefit from secure funding of our industrial portfolio over the mid-term, in addition to development financing for the next 18 months.” The three mandated leade arrangers were: Erste Group Bank and Česká spořitelna, Société Générale S.A. and Komerční banka, along with UniCredit S.p.A. and UniCredit Bank Czech Republic and Slovakia, a.s.

Similar Stories:

M7 sells Aerozone Logistics Park in Budapest
JTRoss Group acquired Aerozone Logistics Park in Budapest from M7 Real Estate. The price o  »
Moje Bambino acquires production plant in Kutno
Moje Bambino has acquired a new production plant in Kutno. The facility is located in the  »
7R starts construction of 7R Park Łódź West
7R has started construction of 7R Park Łódź West at Inwestycyjna street in Konstantynó  »
LiNA Medical expands space at Goodman Poznań IV Airport Logistics Centre
LiNA Medical has expanded its space at the Goodman Poznań IV Airport Logistics Centre by  »
CTP has expanded hugely in recent years, both in terms of the size of the portfolio and ge   »
There’s a lot of discussion about innovation in the office sector and in retail, but thi   »
Last year was a big year for you, as you established yourselves on the UK market. What wer   »
CIJ: E-commerce continues to be the dominant topic in logistics, especially city logistics   »