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Article: United States: KLEPIERRE Raises 750 Million Euros in the Bank Lending Market.
- Article from:
- TendersInfo
- Article date:
- June 14, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
On Wednesday and Thursday, June 11 & 12, 2008 Klepierre (Paris:LI) signed a term loan for 750 million euros(usd 1,154,512,256.4000), syndicated with six banks. This new loan, due in June 2011, will be used primarily to refinance a 600 million euro(usd 923,609,805.1200) bond with 6.125% coupon interest, maturing on July 10, 2008. The mandated arrangers and lenders are BNP Paribas (coordinator, documentation and credit agent), Banque de l Economie du Commerce et de la Monetique (Credit Mutuel group), Credit Foncier de France (Caisse d Epargne group), ING Real Estate Finance, Landesbank Hessen-Thuringen Girozentrale and Intesa San Paolo (lender).
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