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Merlin Extends the Maturity of Some of its Bonds Until 2027

The Socimi has extended the maturity of some of its two live bond issues amounting to 258 million euros, which was initially set for May 2022 and April 2023.

Cuatro torres Fuente Merlin
The Cuatro Torres in Madrid. PwC building (third from left), owned by Merlin Properties.

The Socimi Merlin Properties announced today in a statement to the National Securities Market Commission (CNMV) the extension to 2027 of the maturity of some of the bonds of its two outstanding issues, amounting to 258 million euros in total, which was initially set for May 2022 and April 2023.

Specifically, Merlin has offered bondholders of its issues maturing in 2022 and 2023, which have an outstanding balance of 700 million and 850 million euros, respectively, the option to buy their securities for a maximum of 500 million euros. The purchase will be paid for with funds that it raises through another 500 million euro issue, which is due to mature in 2027.

Read the full article in Spanish.


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