Carrefour-backed Carmila has agreed a new secured loan, signed on 17 April, for €276 mln, maturing in 2030 and at a spread against three month Euribor of 175 basis points.
This new credit line took the form of a mortgage loan contracted by four subsidiaries of Carmila France (Carmila Nice, SAS Carmila Evreux, Carmila Saran and Carmila Coquelles) and is secured by their assets.
The LTV ratio of this financing, with respect to the appraisal values of the four assets as of 31 December 2022, was 49.4%.
Carmila has announced its Annual General Meeting will take place on 11 May, after first quarter data is reported on 20 April.
As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.
At 31 December 2022, its portfolio was valued at €6.2 bn, comprising 208 shopping centres, all leaders in their catchment areas.
Carmila is a SIIC, listed on Euronext-Paris Compartment A under the symbol CARM. The business has been a member of the SBF 120 since 20 June 2022.
