Société de la Tour Eiffel announces credit refinancing of €100 million (FR)

Société de la Tour Eiffel announced the reimbursement to a banking syndicate of a corporate credit line which matured on 31st March last.

The line of €100 million, dating from June 2006, has been refinanced by a combination of:

- internal resources;
- a € 30 million drawing on a mortgage credit facility provided by pbb Deutsche Pfandbriefbank (expiring in June 2013);
- a new € 35 million credit line from Natixis, for a period of 12 months extendable by 6 months.

This operation complements the company's overall debt restructuring which commenced in 2008 with the refinancing of the Alstom Massy project until 2017, and the extension until June 2013 of the pbb Deutsche Pfandbriefbank facility which currently stands at some € 360 million.

Source: Capmot

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