DGAP-News: CPI PROPERTY GROUP

CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

PRESS RELEASE
Luxembourg, 19 March 2018

CPI PROPERTY GROUP announces the signing of a EUR 150 million unsecured revolving credit facility

CPI PROPERTY GROUP ("CPIPG") announces the successful signing on 16 March 2018
of a EUR 150 million 2-year unsecured revolving credit facility with a group of leading international and regional banks.

"As we have established our dominant positions in Czechia, Berlin and the CEE region, CPIPG has grown into a large company with a disciplined approach to credit ratings, funding and liquidity," said Martin Nemecek, CEO of CPIPG. "Similar to the EMTN programme we established in 2017, this revolving credit facility creates another channel for CPIPG to immediately access cost-effective unsecured liquidity and improves our flexibility."

CPIPG intends to periodically draw (and repay) the revolving credit facility for general corporate purposes, including short-term cash needs. The new EUR 150 million facility will replace existing facilities totaling approximately EUR 45 million which were signed in 2017.

Lenders in the facility are Barclays Bank PLC, Credit Suisse, Deutsche Bank Luxembourg S.A., J.P. Morgan Securities plc, Komercni banka, a.s., and UniCredit Bank Czech Republic and Slovakia, a.s., J.P. Morgan Securities plc acted as mandated lead arranger and J.P. Morgan Europe Limited as facility agent for the revolving credit facility.

"We are pleased with the support CPIPG has received from our banks, bond investors and other counterparties", said David Greenbaum, CFO of CPIPG. "We believe this is a signal that our conservative credit profile, high-quality assets, strong underlying markets and active asset management resonate positively with a broad range of institutions."

For further information please contact:

INVESTORS

CPI PROPERTY GROUP
David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com

 

MEDIA/PR

Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de