Listed Dutch retail property investor Corio said on Thursday it has successfully closed the syndication of a EUR 600 mln Revolving Credit Facility (RCF) that refinances the EUR 600 mln RCF agreement signed in April 2005.

The new credit line has a term of five years with two one-year extension options and can be used for general corporate purposes. BNP Paribas acted as coordinator of the facility and seven banks joined in the syndication, all for the same ticket and role.

The syndication was oversubscribed as all the invited banks committed to the facility, which was not increased. Besides BNP Paribas, the participating banks were ABN Amro, Bank of America Merrill Lynch, Deutsche Bank, ING, JP Morgan and RBS.