This Monday, Metrovacesa signed an agreement with 11 financial entities to refinance your corporate loanwhich is increased to an amount of 276 million euros, while its new maturity will be in October 2029.
The company dedicated to the real estate business will allocate the additional funds obtained, among others, to investment in urbanization, new investments and operational needsas reported by Metrovacesa to the National Securities Market Commission (CNMV).
This sustainable financing is done in accordance with the principles of sustainability-linked lending of the Loan Market Association and reflects “the firm commitment” acquired by the group with sustainability and its implementation through its strategic sustainability plan, Metrovacesa has added.
Within the framework of the announced refinancing, Metrovacesa has communicated the related operations it currently has with Santander and BBVA, reference shareholders of the real estate company.
Specifically, Santander participates with a syndicated loan from the real estate company with 76.1 million euros. On the other hand, BBVA participates with 50.2 million euros.
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