REALITIES extends a Euro PP to consolidate its finances

REALITES announced on May 16, 2024, following a General Meeting of debt holders, the extension of a Euro PP strain of 24 million euros initially due in June 2024. This decision, unanimously approved, allows extend the maturity of this debt until September 2026, with a modification of the payment terms including an increase in the coupon to 7.5%.

This measure comes in a context of difficulties due to a downturn in the real estate market since 2023. Thanks to this adjustment, REALITES aims to preserve its cash flow while preparing for an anticipated recovery of the market in 2025. The adjusted payment terms provide for amortization of 35% between June 2025 and March 2026, and full payment of the balance in September 2026. Interest will be paid quarterly.

The company expressed its gratitude to its finance teams and partners such as Aether Financial Services, Société Générale Securities Services, and CMS Francis Lefebvre Avocats, for their assistance in the success of this transaction.