Spanish property group San Jose and its parent company Parquesol Inmobiliaria y Proyectos said on Thursday that they have reached an agreement with banks regarding the refinancing of the group´s corporate debt for a total of EUR 2 bn.
Spanish property group San Jose and its parent company Parquesol Inmobiliaria y Proyectos said on Thursday that they have reached an agreement with banks regarding the refinancing of the group´s corporate debt for a total of EUR 2 bn.
San Jose, which in 2007 unveiled it was to merge with Parquesol, has also obtained an additional credit line of EUR 212 mln.
´The refinancing has been carried out with a view to stabilise San Jose´s financial structure, in line with the actual market situation and the economic and financial environment,´ Parquesol said in a stamement to the Spanish stock exchange.
Parquesol will continue with its plans to merge with San Jose and the combined group will seek a stock market listing, the company added.
