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Colonial Signs a Sustainable Loan for €1 Billion With a Pool of Banks Led by CaixaBank

The loan is structured in two tranches amounting to 500 million euros each, maturing in 2025. The second tranche is extendable until 2027.

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Colonial has improved its financing by extending the terms of its liquidity lines through a new sustainable line of credit amounting to 1 billion euros.

Until recently, the Socimi Colonial had 875 million euros available through two credit lines maturing in 2022 and 2023. They will now be cancelled and replaced by this new financing line, according to the Socimi in a statement filed with the National Securities Market Commission (CNMV).

Read the full article in Spanish.

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