Grivalia signs 75-mln-euro standby facility with Eurobank

Grivalia Properties REIC announced an agreement with Eurobank Ergasias Group for a standby facility of 75 million euros.

In an announcement on Wednesday, Grivalia Properties said the facility will come in the form of a common bond loan secured with pledges that will be progressively drawn. The loan will be fully covered by Eurobank Ergasias SA and Eurobank Private Bank Luxembourg and will be used for the refinancing of selective past investments and the financing of future investments.