Asia, the Spanish property company previously known as Astroc, is finalising the refinancing of EUR 80 mln of syndicated debt provided by a number of financial institutions including Caja Sur. The company, which is currently in the process of merging with Grupo Fergo, is expected to close the operation in the next 10 days, sources close to the process told news agency Europa Press.
Asia, the Spanish property company previously known as Astroc, is finalising the refinancing of EUR 80 mln of syndicated debt provided by a number of financial institutions including Caja Sur. The company, which is currently in the process of merging with Grupo Fergo, is expected to close the operation in the next 10 days, sources close to the process told news agency Europa Press.
Aisa, with property assets of EUR 720 mln, posted a loss of EUR 40 mln in the first six months of the year, compared with a EUR 2 mln loss seen in the same period a year before. The company is planning a EUR 25 mln capital increase later this month.
