Radar > 243612

Axiare receives funding from ING, BBVA and CaixaBank for new acquisitions

Axiare consigue financiación de ING, BBVA y CaixaBank para nuevas adquisiciones

Intel ID : 243612
Synopsis

Axiare Patrimonio (BME AXIA),a Spain-based real estate management company, attained four financing agreements with different banks worth EUR 144m, announced the company in a filing published by regulator Comisión Nacional del Mercado de Valores (CNMV) on 22 December 2016.

Axiare is thus maintaining its policy of asset purchase and subsequent funding. The company closed two financing agreements with ING, worth EUR 75.7m and EUR 23.7m, with BBVA (BME:BBVA), worth EUR 24m, and with CaixaBank (BME:CABK), worth EUR 20m.

The REIT will also allocate the resources to make new acquisitions and to manage its portfolio.
(content in spanish)

Axiare Patrimonio (BME:AXIA), empresa española dedicada a la gestión inmobiliaria, ha logrado cuatro acuerdos de financiación con diferentes bancos por valor de EUR 144m, que podrá destinar parcialmente a la realización de nuevas adquisiciones, según ha informado la compañía en un hecho relevante remitido a la Comisión Nacional del Mercado de Valores (CNMV) el 22 de diciembre de 2016.

Del mismo modo, Axiare ha recibido los fondos en línea con su política de compra de activos financiándolos posteriormente. Así, esta financiación ha sido firmada con ING por importe de EUR 75,7m y EUR 23,7m, con BBVA (BME:BBVA) por valor de EUR 24m y con CaixaBank (BME:CABK) por importe de EUR 20m.

Relevant Documents

Bidder

Spain

Advisors

retained

Financing Bank

BBVA
Spain
CaixaBank
Spain

Advisors

retained
ING Bank España
Spain

Advisors

retained

Intel ID 243612
Value EUR 144,00m
Native Currency Euro (EUR)
Financial Data - Axiare Patrimonio
(31 Dec 2017)
Revenue: -
EBITDA: -
Net Debt: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.03 Real Estate Services
25 Financial Services / 25.03 Real Estate

Country
Website
Description

Financing Bank

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financing Bank

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financing Bank

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legal Advisory

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.