De Pardieu has advised FREY, a real estate company specializing in the development and operation of open-air shopping centers in Europe, on the arrangement of corporate bank financing totaling €400 M, extending the maturity of its debt while ensuring new financial resources to pursue its growth strategy.
This refinancing, representing 40% of the Frey Group’s debt, were taken out with its partner banks as well as new lenders (including Banque Européenne du Crédit Mutuel (BECM), BNP Paribas, CIC Est, Crédit Lyonnais, Crédit Agricole and Corporate Investment Bank (CACIB), Crédit Agricole Île-de-France (CADIF), Crédit Mutuel Arkéa, Groupe BPCE, La Banque Postale, Natixis and Société Générale), and permit to extend the maturity of the Frey Group’s debt, which is now more than 4 years. Frey now has no significant debt maturities before 2027, which are already covered with existing liquidities.