Spanish property company Reyal Urbis has signed a long-awaited agreement with banks to refinance its debt burden of EUR 4.6 bn. Under the new accord, the Madrid-listed firm has extended the maturity date on its debt to December 2015. The deal also envisages an initial period (until June 2013) in which the company will not pay interest or down payments.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
