Globalworth signs new financing facilities with Erste Group

Globalworth, leading office investor in Central and Eastern Europe, announces the signing of two new facilities for 160 million Euro.

The first facility is a 50 million Euro unsecured Revolving Credit Facility (“RCF”) with a three-year term, which has been structured to generally align with the Company’s existing Euro Medium Term Note (EMTN) programme and its existing syndicated 215 million Euro Revolving Credit Facility.

The second facility is a 110 million Euro asset-secured financing of the Company’s logistics / light-industrial portfolio in Romania, with a ten-year term.

Erste Group, through Erste Group Bank AG and Banca Comerciala Romana SA, has provided both facilities, further strengthening our partnership with one of our long-term financing partners.

“Liquidity remains a key focus for us, so we are delighted to have obtained further flexible, committed capital on favourable terms, notwithstanding the prevailing macroeconomic environment. Also, in response to market conditions, the Group may consider certain capital market transactions, including repurchasing issued bonds or shares in the upcoming reporting periods. I would also like to take this opportunity to thank the Erste Group and BCR for the close and successful cooperation over the years and to our continued partnership in the future”, said Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth.