European listed shopping centre specialist Atrium European Real Estate has signed a new five-year unsecured revolving credit facility for a total of €125 mln.

European listed shopping centre specialist Atrium European Real Estate has signed a new five-year unsecured revolving credit facility for a total of €125 mln.

The loan, which comprises €100 mln of new credit and an existing €25 mln facility which has been extended, was provided by a syndicate of ING Bank, Citibank and HSBC Bank.

Following this transaction, Atrium has €150 mln of undrawn revolving credit facilities.

Commenting on the transaction, Ryan Lee, group CFO said: 'With this new revolving credit facility we have taken advantage of the continued current favourable credit market conditions to improve the company’s financial flexibility and extend the average maturity of our debt at improved costs.'

The facility matures in 2020 and can be extended until 2021 subject to meeting conditions.