Italian real estate investment trust Beni Stabili Siiq has refinanced EUR 150 mln of debt due next year with the signing of a new mortgage loan.
Italian real estate investment trust Beni Stabili Siiq has refinanced EUR 150 mln of debt due next year with the signing of a new mortgage loan.
The new credit facility will have a five-year maturity and a spread set at 375 basis points over the 3-month Euribor.
Following this transaction, Beni Stabili Siiq has refinanced around one third of its debt maturing in 2013.
