Thursday, February 25, 2021
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Vía Célere Reduces its Debt by €216 Million and has €140 Million of Available Cash

The net financial debt of Värde's property developer amounts to 310 million euros, which represents a leverage rate of 17% over the value of its assets.

The property developer Vía Célere, a company controlled by several funds led by the American firm Värde, has reduced its debt by 216 million euros. That figure includes the repayment of a syndicated loan amounting to 150 million euros, as well as of corporate lines of credit from Banco Santander amounting to 50 million euros and loans and credit policies amounting to 16 million euros.

In parallel, Vía Célere has also been repaying developer loans associated with the delivery of its homes over the past year.

Read the full article in Spanish.

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