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The latest announcement is out from Eurocommercial Properties NV ( (NL:ECMPA) ).
Eurocommercial Properties has refinanced and extended €525 million in long-term debt linked to three of its shopping centres in Italy and Sweden, securing new loans at margins in line with previous facilities and materially lengthening its debt profile. The company agreed a €200 million seven-year loan for its Carosello centre near Milan, a €270 million five-year facility for its I Gigli centre near Florence, and a SEK600 million (about €55 million) five-year loan for its C4 centre in Kristianstad, moves that increase its average debt maturity to nearly five years and ensure no major refinancing needs until 2029, thereby strengthening balance-sheet resilience and supporting ongoing investment and asset management plans.
More about Eurocommercial Properties NV
Eurocommercial Properties N.V. is a Euronext-listed property investment company and one of Europe’s shopping centre specialists. Founded in 1991, it owns and operates 24 shopping centres across Belgium, France, Italy and Sweden, with total assets of €4 billion, focusing on prime retail destinations in these markets.
See more data about ECMPA stock on TipRanks’ Stock Analysis page.