Empresas y finanzas
SFL ? ?400-million syndicated credit facility
Regulatory News:
SFL (Paris:FLY) has today signed a €400-million syndicated revolving credit facility with a term of five years, repayable at the end of the period.
This new loan, which replaces a credit facility of €300 million signed with the same banks in October 2009, enables SFL to increase its immediately-available liquidity while also extending the average maturity of its debt and reducing its financing margin significantly.
BNP Paribas acted as the agent for a group composed of the following banks:
- Banque Européenne du Crédit Mutuel
- BNP Paribas
- Crédit Agricole Corporate and Investment Bank
- Crédit Agricole Mutuel de Paris et d’Ile-de-France
- Crédit Foncier de France
- HSBC France
- Natixis
- Société Générale
With an exceptional portfolio of properties valued at €3.8 billion including transfer costs, essentially located in the Paris Central Business District, SFL is a preferred vehicle for investors wishing to invest in the Paris office and retail property market. As the leading player in this market, the Group is firmly focused on pro-actively managing high-quality property assets. SFL has elected to be taxed as an SIIC since 2003.
STOCK MARKET:
Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P RATING: BBB- Stable outlook