MERLIN Properties Annual Report 2023

| 47 • In January, MERLIN signed a € 150m secured bank loan maturing in 2034 @130 bps margin. The loan is expected to be drawn down in March 2024 • In January, MERLIN issued a € 100m tap on the 2.375% note due in September 2029 (3.93% cost) • On February 21 st 2024, MERLIN signed in agreement the conclusions of a tax inspection opened in 2022. As a result, the company shall pay an amount of € 1.6 million to the Tax Authority and the Tax Authority shall reimburse MERLIN with € 14.0 million as a result of the application of the Constitutional Court ruling of January 19 th , 2024 Post-closing events