Capital/Financing Update • Jul 1, 2013
Capital/Financing Update
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HOOFDDORP (the Netherlands), 1 July 2013 – NSI N.V. (NSI) announces that it has fully refinanced its largest debt facility of €260 million. This syndicated loan had original maturities in 2013 and 2014 and represented the majority of the debt expiring in these years. The new loan matures in July 2017, extending the average maturity profile of the total loan portfolio from 2.1 years to 2.8 years. The international syndicate, which was coordinated by ING Real Estate Finance ("ING"), consists of the mandated lead arrangers ING, Rabobank and ABN AMRO, as well as Belfius and Banque LBLux.
Daniël van Dongen, NSI's CFO: "I am pleased to announce this major financing agreement, which involves our largest credit facility, representing nearly 30% of our loan book. This transaction was one of our main priorities and significantly extends the average maturity of our loan portfolio. In total, we have now managed to refinance over €790 million(90%) of our outstanding Dutch debt portfolio over the last six quarters. This reflects a strong sign of confidence from all financing partners to the company."
NSI aims to create a continuous return for private and institutional investors by investing in high quality offices and retail locations that offer tenants suitable business accommodation, allowing them to run their businesses successfully. NSI invests in offices and retail in high-quality locations in the Netherlands and Belgium. NSI is a publicly listed closed-end real estate investment company with a variable capital, and manages assets of around €2.0 billion.
For further information: NSI N.V. – Eva Lindner, Investor Relations and Corporate Communications Tel: +31 20 76 30 300 / +31 6 35 11 28 18 e-mail: [email protected] / internet: www.nsi.nl
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