Globalworth, an office investor in Central and Eastern Europe, has entered into a new €200 million ($2.2 million) revolving credit facility with a syndicate of its relationship banks and selected new lenders.
The facility has a term of four and a half years and an additional €50 million (($55.5 million) uncommitted accordion option.
“This new financing facility adds flexibility to Globalworth’s capital structure, consistent with the EMTN program introduced last year and the company’s use of both equity and debt to fund its investment pipeline. We are delighted with the level of support received from a number of global financial institutions, affirming our growth strategy and the robust fundamentals of our markets,” said Mihai Zaharia, Globalworth’s investment and capital markets director.
The facility was arranged by J.P. Morgan Securities. Participating banks include Banca Transilvania, Bank Of China, BRD Groupe Societe Generale, Deutsche Bank, JP Morgan Chase Bank, Intesa Sanpaolo and Raiffeisen Bank International.
Globalworth acquires, develops and directly manages high-quality office and logistics/light-indu