Eurosic has secured a EUR 850m loan agreement from UK-based HSBC and French banks Natixis and Calyon to refinance the Paris-listed real estate company's debt and to fund its growth plans. Banque Palatine advised Eurosic in this operation. The loan comes on top of the EUR 175 mln line of credit granted by its parent company Groupe Caisse d'Epargne in May 2007. Eurosic's debt stands at EUR 532 mln, giving a loan-to-value ratio of 36%.
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