Aedas Homes is close to refinancing a syndicated loan that was due to mature in August for another two years. The real estate company is currently negotiating the completion of the financing for €150 million, which it plans to close in June, with Citi, Goldman Sachs, Deutsche Bank, EBN and Liberbank, according to Cinco Días.
The housing developer, led by David Martínez, explained in its published quarterly results that it has signed four new developer credit contracts amounting to €46 million. The company also notes that in the post-Covid scenario, it has obtained four lines of financing for €48 million in total, all of which were still fully available (not drawn down) at the end of April.
