DGAP-News: GAGFAH to refinance 2.061bn EUR loan with improved terms
(firmenpresse) - DGAP-News: GAGFAH S.A. / Key word(s): Miscellaneous
GAGFAH to refinance 2.061bn EUR loan with improved terms
14.06.2013 / 11:00
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Press Release: June 14, 2013
GAGFAH S.A.
2-4, rue Beck
L-1222 Luxembourg
ISIN: LU0269583422
Frankfurt Stock Exchange (Ticker Symbol: GFJ)
Regulated Market (Prime Standard)
GAGFAH to refinance 2.061bn EUR loan with improved terms
GAGFAH has signed the refinancing of its 2.061 bn EUR GRF loans and expects
closing on 20th June. The interest rate will be 2.76% p.a. and amortisation
0.5% p.a. The current interest rate of the GRF loan is 4.32% p.a..
Given the favorable terms and the increased investor demand, the loan will
be refinanced through a CMBS structure with a maturity of five years plus
one year extension possibility.
Earlier this year, GAGFAH had already closed WOBA financing with a loan
amount of 1.077 bn EUR.
'The refinancing at such attractive terms puts us in a great position and
enables us to shift focus on our core business', explained Thomas
Zinnöcker, CEO of GAGFAH GROUP and member of the Board of Directors of
GAGFAH S.A.
Contact
GAGFAH S.A.
Investor Relations
2-4, rue Beck
L-1222 Luxembourg
Tel.: +352 266 366 21
Mail: rhoffmann(at)gagfah.com
www.gagfah.com
R.C.S. Luxembourg B 109.526
GAGFAH GROUP
Dirk T. Schmitt
Head of Communication
Prinzeß-Luise-Straße 33
D-45479 Mülheim a.d. Ruhr
Tel: +49201-1751-362
Mobil: +49170 302 8833
Mail: dschmitt(at)gagfah.de
About GAGFAH S.A.
GAGFAH S.A. is a joint stock corporation organized under the laws of the
Grand Duchy of Luxembourg qualifying as a securitization company under the
Luxembourg Securitization Law of March 22, 2004. The core business of
GAGFAH S.A.'s operating subsidiaries is the ownership and management of a
residential property portfolio located in Germany.
GAGFAH's portfolio includes approximately 145,000 own residential units and
more than 35,000 units under property and facility management for third
parties. Our portfolio makes us one of the largest residential property
companies listed in Germany, and we believe that our size, our significant
presence in the key residential markets and our scalable operating platform
make us one of the leading providers of housing for low- to medium income
households in Germany. Our operating subsidiaries are full-scale service
providers for a broad range of property and facility management services
with a clear focus on residential properties. The key elements of our
strategy are (i) to create sustainable and increasing cash flows out of the
existing asset base (rent, occupancy, property costs, platform), (ii) to
invest in value-enhancing portfolio properties (iii) to pursue accretive
growth opportunities and (iv) to realize value through asset sales.
End of Corporate News
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14.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: GAGFAH S.A.2-4, rue Beck
1222 Luxemburg
Grand Duchy of Luxembourg
Phone: + 352 266 366 1
Fax: + 352 266 366 01
E-mail: info(at)gagfah.com
Internet: www.gagfah.com
ISIN: LU0269583422, LU0269583422
WKN: A0LBDT
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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216424 14.06.2013
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Datum: 14.06.2013 - 11:00 Uhr
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News-ID 269740
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