Atrium European Real Estate, an owner, operator and developer of shopping centers and retail real estate in Central and Eastern Europe, signed a new five-year unsecured revolving credit facility for a total of €125 million ($141.63 million) which comprises €100 million ($113.31 million) of new credit and an existing €25 million ($28.33 million) facility which has been extended.

The facility was provided by a syndicate of ING Bank, Citibank and HSBC Bank. Following this transaction, Atrium has €150 million ($169.96 million) of undrawn revolving credit facilities.

Commenting on the transaction, Ryan Lee, Group CFO said: “With this new revolving credit facility we have taken advantage of the continued current favorable credit market conditions to improve the company’s financial flexibility and extend the average maturity of our debt at improved costs.”