Cerberus Extends €30.9-Million Loan to Optimum RE After Acquisition

24 September 2019 – The American private equity firm Cerberus, through its Irish subsidiary Promontoria Bravo, has granted a €30.9 million loan to the socimi Optimum RE. The unsecured loans were granted in two separate agreements worth 28.9 million euros and 1.9 million euros.

Optimum was able to substitute the new loans for a previous, secured loan worth 28.9 million euros. Promontoria Bravo acquired 99.4% of the socimi in September for €69 million.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

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