EQS-News

VERIANOS SE places second notes tranche and reports closing of further financing agreements

EQS-News: VERIANOS SE / Key word(s): Real Estate VERIANOS SE places second notes tranche and reports closing of further financing agreements 27.07.2023 / 10:32 CET/CEST The issuer is solely responsible for the content of this announcement. C O R P O R A T E   N E W S VERIANOS SE

 

VERIANOS SE places second notes tranche and reports closing of further financing agreements

• Successful placement of the second tranche of the 8% 2022/2025 notes - further increase planned by year end
• Repayment of 2018/2023 "Valencia" bond as scheduled
• Refinancing of promissory loan note for commercial properties in Spain completed

Cologne, 27 July 2023 – VERIANOS SE (ISIN: DE000A0Z2Y48) announces that the second tranche of the 8% 2022/2025 notes (ISIN: DE000A30VG50) has been successfully placed as part of the planned increase in the private placement. Compared to the status as of December 31, 2022, the outstanding volume has been increased by a mid-seven-digit amount. The company plans to increase the outstanding to up to 20 million EUR by the end of the year.

The 2018/2023 "Valencia" bonds (ISIN: DE000A2G8VP3) have been fully repaid as scheduled on May 1, 2023.

VERIANOS also announces the refinancing of the promissory loan note issued in 2021 by the VERIANOS European Opportunities Fund in the double-digit million-euro range with a large German pension fund. The promissory loan note serves to refinance a commercial real estate portfolio in Barcelona and Valencia in attractive city center locations, which will be sold in the coming years following repositioning and represents the largest single financing measure in the current fiscal year. Further financing agreements for individual properties in Germany have already been closed with various local banking partners.