-+ 0.00%
-+ 0.00%
-+ 0.00%

Merlin Properties Bags EUR4 Billion Corporate Financing

MT Newswires·11/02/2026 03:36:21
Listen to the news
03:36 AM EST, 11/02/2026 (MT Newswires) -- Merlin Properties (MRL.MC, MRL.LS) secured a 3.75 billion-euro unsecured sustainable corporate financing from a syndicate of Spanish and international banks. The facility comprises a term loan and a revolving credit facility, according to a Monday release. Under the arrangement, the real estate company increased the size of its revolving credit facility to 1.5 billion euros from 740 million euros. The term loan matures on April 30, 2032. The company plans to use 725 million euros from the term loan for early repayment of its syndicated loan maturing in 2028 and 1.53 billion euros to repay the 500 million-euro bond maturing on July 3, 2027, and for future financing needs, particularly the development of its data center program.