igd Drawdown of 135mn mortgage loan announced on 27/11/2013
04 Dezember 2013 - 11:39AM
Italian Regulatory (Text)
PRESS RELEASE
IGD SIIQ SPA Â DRAWDOWN OF EURO 135 MILLION MORTGAGE LOAN ANNOUNCED
ON NOVEMBER 27, 2013 Bologna, 4 December 2013 - Immobiliare Grande
Distribuzione SIIQ S.p.A. ("IGD") announces that on December 3,
2013 Euro 135 Million has been drawn under the mortgage loan
granted by BNP Paribas, Succursale Italia, the execution of which
had already been announced to the market on November 27, 2013.
In compliance with the provisions of the mortgage loan agreement,
on December 3, 2013, the real estate portfolios / going concerns
involved in the mortgage loan have been transferred by way of
contribution to IGD Property SIINQ S.p.A. ("IGD SIINQ") Â a company
fully owned by IGD Â with the simultaneous undertaking by IGD SIINQ
of the relevant indebtedness, including the indebtedness arisen
from the mortgage loan, with no release of IGD.
IGD - Immobiliare Grande Distribuzione SIIQ S.p.A.
Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main
players in Italy's retail real estate market: it develops and
manages shopping centers throughout the country and has a
significant presence in Romanian retail distribution. Listed on the
Star Segment of the Italian Stock Exchange, IGD was the first SIIQ
(Società di Investimento Immobiliare Quotata or real estate
investment trust) in Italy. IGD has a real estate portfolio valued
at circa 1,895.9 million at 30 June 2013, comprised of, in Italy,
19 hypermarkets and supermarkets, 19 shopping malls and retail
parks, 1 city center, 4 plots of land for development, 1 property
held for trading and an additional 7 real estate properties.
Following the acquisition of the company Winmark Magazine SA in
2008 15 shopping centers and an office building, found in 13
different Romanian cities, were added to the portfolio. An
extensive domestic presence, a solid financial structure, the
ability to plan, monitor and manage all phases of a center's life
cycle: these qualities summarize IGD's strong points.
www.gruppoigd.it
CONTACTS INVE STOR RELATIONS CLAUDIA CONTARINI Investor Relations
+39 051 509213 claudia.contarini@gruppoigd.it ELISA ZANICHELI IR
Assistant +39 051 509242 elisa.zanicheli@gruppoigd.it CONTACTS
MEDIA RELATIONS IMAGE BUILDING Cristina Fossati, Federica Corbeddu
+39 02 89011300 igd@imagebuilding.it
The press release is available on the website www.gruppoigd.it, in
the Investor Relations section, and on the website
www.imagebuilding.it, in the Press Room section.
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