Rodamco Europe N.V. has mandated BNP Paribas and Citigroup to arrange the 500,000,000 Multicurrency Revolving Credit Facility. The Facility will be used for general corporate purposes, including refinancing the 500,000,000 revolving credit facility dated 25 November 2003 and for commercial backstop liquidity purposes.
The transaction will be launched to a group of relationship banks. The Facility has a maturity of 5 years with 2 annual 365 day extension options. Besides extending the maturity, Rodamco Europe wants to capitalize on the attractive market conditions for such loan facilities.
Source: Rodamco Europe