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NSI N.V. — Capital/Financing Update 2016
Sep 1, 2016
3867_iss_2016-09-01_9f6a1d11-b105-4ec4-9a13-92876bdff7d3.pdf
Capital/Financing Update
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PRESS RELEASE
NSI completes security release of assets on its banking facilities
Hoofddorp, 1 September 2016 – As of today, NSI has completed the security release of assets on its €450 million in bank funding. As a result, as per today, more than 65% of the real estate investment portfolio is financed on an unsecured basis. This is in line with the formulated financing policy to further diversify the funding base.
In 2014, NSI restructured its multiple bilateral portfolio bank facilities into one €550 million facility, including a €100 million institutional facility. The security release is a significant milestone that provides more room for NSI to diversify funding sources and broaden its funding base going forward.
About NSI
NSI creates - with and for its customers - inspiring environments to meet, work and do business. NSI achieves this by investing in offices and retail in attractive, high-quality locations in the Netherlands. NSI is a publicly listed real estate company, and manages invested assets of around €1.2 billion.
For more information NSI N.V. – Eva Lindner T +31 (0)20 763 0329 E [email protected] / I www.nsi.nl/