BENI STABILI SPA €710 million Landmark Financing

Transparency directive : regulatory news

15/09/2016 14:06

EUR710 million Landmark Financing

Milan - 15 September 2016: Today, Beni Stabili signed a mortgage loan contract
for a total amount of EUR710 million with an international banking pool
composed by BNP Paribas, Italian Branch (Documentation Agent and Agent), Intesa
Sanpaolo S.p.A., UniCredit S.p.A., Société Générale, Milan Branch, Crédit
Agricole Corporate & Investment Bank, Milan Branch and Natixis S.A., Milan
Branch. The contract provides also for the possibility to increase the loan up
to EUR810 million.

The loan, secured by the portfolio of properties owned by the Company leased to
Telecom Italia, has a maturity of eight years and a coupon below 1.8%.

The proceeds will be used mainly to prepay corporate loans maturing in 2017 and
mortgage financing maturing in 2020 and 2021.

The transaction allows the Beni Stabili Group to further strengthen its
financial structure, reduce its average annual cost of debt and increase its
average debt maturity by 1.5 years up to 5.1 years.

Alexei Dal Pastro, General Manager of Beni Stabili, said: "With this
transaction, Beni Stabili is taking a further important step in the
implementation of the strategy announced earlier this year. This landmark
financing is another illustration of the ability of Beni Stabili to gain the
support of major European lenders to secure very attractive financing
conditions and help the Company deliver on its strategic objectives".

For more information:

Beni Stabili Siiq
Investor Relations -
Francesca Perani - +39.02.3666.4682 - francesca.perani@benistabili.it

Media Contact -
Barbara Ciocca - + 39.02.3666.4695 - barbara.ciocca@benistabili.it

SEC and partners Srl
Matteo Steinbach - +39.346.1063989 - steinbach@secrp.it
Michele Calcaterra - + 39. 335.461985 - calcaterra@secrp.it

Beni Stabili Siiq, a leading property company in the Italian real estate
sector Beni Stabili is the leading property player in the Italian real estate
market with total assets of 4.0 bn euro. Our assets portfolio is sited in key
locations of North and Central Italy's major cities and consist mainly of
offices. We pursue the appreciation of our assets to increase profitability
and create value for our clients, partners and shareholders.

As a major player in office investment and development, we foster pioneering
solutions to improve the environmental performance of our buildings for the
well-being of our client' employees. With this is mind we are developing in
Milan a new business area dedicated to smart working: Symbiosis.

Beni Stabili is listed on the Milan and Paris Stock Exchanges and operates
through its main offices of Milan and Rome. Beni Stabili belongs to the
Foncière des Régions group, a leading real estate player in Europe who owns
and manages an 18bn euro portfolio located in the most attractive metropolitan
cities of France, Germany and Italy.

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