The housebuilder Aedas Homes has signed an agreement with its financial institutions to extend the term of a loan amounting to 150 million euros that was granted in August 2018 and which was due to be repaid next month.
Specifically, it is a corporate loan amounting to 150 million euros that the firm signed with Citi, Deutsche Bank, Goldman Sachs, Liberbank and EBN Banco, to finance land acquisitions. The new corporate loan has a term of up to 2 years and the negotiations to extend its term had begun before the outbreak of the Covid crisis, explain sources at the property developer.
Read the full article in Spanish.
