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The Socimi ‘Grupo Ortiz Properties’ Refinances its Debt with Deutsche Bank
20 February 2020 – Brainsre.news
The Socimi Grupo Ortiz Properties (GOP), controlled by Juan Antonio Carpintero’s construction group, has announced the refinancing of financial debt through a new agreement with Deutsche Bank AG, London Branch. The agreement, signed on 14 February, amounts to €70 million, with €67.9 million of that amount being disbursed when the agreement was published, according to a statement filed by the Socimi with the stock market regulator.
The funds resulting from this new financing, which expires in 2025, have been used to repay a pre-existing debt, as well as to cancel derivatives inherent to that loan and to pay the commissions and fees associated with the financing.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake