FREY (EPA:FREY) - Signing of a 100 million EUR syndicated credit facility

Transparency directive : regulatory news

03/09/2019 09:00

PRESS RELEASE

Bezannes, September 3rd, 2019, 9:00 am

Signing of a EUR100 million syndicated credit facility

FREY S.A. (ISIN: FR0010588079 - FREY), a property investment company (French
REIT) specialising in open-air shopping centres, announces today that it has
set up a EUR100 million syndicated loan with an initial term of 6 years, with
two optional one-year extension (notably subject to the prior lender's
agreement).

This credit line, signed on favourable financial terms, is intended to finance
secured development projects in the portfolio and external growth operations,
in France and abroad.

As a reminder, during the summer, the Group announced in particular the
development of a 56,000 m² open-air shopping centre in Lleida (Catalonia,
Spain) in partnership with Eurofund Group and the acquisition of a 60,000 m²
open-air shopping complex in Albufeira (Algarve, Portugal).

Société Générale acted as agent, co-arranger and lender in this
transaction, alongside BNP Paribas and LCL, acting as co-arrangers and
lenders.

FREY was advised by the law firm De Pardieu Brocas Maffei A.A.R.P.I. and the
lenders by Herbert Smith Freehills Paris LLP.

About FREY
A planner, developer, investor and manager, FREY is a real estate company
specialising in major urban renewal operations as well as the development and
operation of open-air shopping centres. Its Shopping Promenade(r), an open-air
shopping centre, offers a complete range of shopping and leisure activities to
create an "enhanced experience" for the whole family. Thanks to its unique
expertise, Frey has become a recognised French leader in this resilient asset
class, with a deep market (creation, extension, renovation) and in perfect
harmony with the expectations of consumers, brands and local authorities.
Another structuring pillar of FREY's know-how is the large mixed urban
projects, which it develops with the support of its dedicated subsidiary
CITIZERS.
Frey is listed on compartment B of Euronext Paris. ISIN: FR0010588079 - Mnemo:
FREY.

CONTACTS
Emmanuel La Fonta - Director-Finance & Human Resources - Tel.: 03 51 00 50 50
Mathieu Mollière - Director of Communications, Marketing and Innovation -
Tel.: + 33 (0)3 51 00 50 50
Agnès Villeret - Investor relations and financial press - KOMODO -
agnes.villeret@agence-komodo.com - Tel.: + 33 (0)6 83 28 04 15

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