Deutsche Pfandbriefbank AG announces that it has provided a 225 million investment facility, refinancing all of its loans with Carpathian plc in CEE.
This refinancing package includes a combination of partial debt repayment, additional collateral, an extension of the loan term and other amendments to the terms of the loans, reflecting the changed banking environment.
Commenting, Harin Thaker, Head of Real Estate Business International, said: "We are pleased that we have agreed with Carpathian plc the future terms of their loans with Deutsche Pfandbriefbank. Showing our commitment to the market, we remain committed to finding refinancing solutions and supporting valued customers in an important market."
Source: Brown Lloyd James Financial