Stoneweg Europe Stapled Trust (SERT) has completed the final phase of its balance sheet optimisation programme with an unsecured refinancing of EUR85.0 million.
The new facility, which has an initial amount of EUR85.0 million with EUR70.63 million drawn, carries a 48-month tenor from first utilisation and includes an option to extend maturity by up to 12 months.
The proceeds will be used to refinance an existing EUR70.63 million loan and for general corporate purposes.
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