1.0MERLIN Propertieshttps://ir.merlinproperties.com/en/Merlin Propertieshttps://ir.merlinproperties.com/en/author/adminmerlin/rich600338<blockquote class="wp-embedded-content" data-secret="pQg1ojhI3L"><a href="https://ir.merlinproperties.com/en/merlin-properties-refinances-testa/">MERLIN Properties refinances Testa</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://ir.merlinproperties.com/en/merlin-properties-refinances-testa/embed/#?secret=pQg1ojhI3L" width="600" height="338" title="“MERLIN Properties refinances Testa” — MERLIN Properties" data-secret="pQg1ojhI3L" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://ir.merlinproperties.com/wp-includes/js/wp-embed.min.js </script> • MERLIN Properties has closed a 1.7 billion euro unsecured financing with 10 financial entities • The proceeds of the refinancing will be devoted to repay the outstanding Testa mortgage debt (excluding the debt related to the residential portfolio) and the early repayment of the 350 million euros bridge loan obtained for the acquisition of Testa • With this financing, MERLIN Properties further optimizes its capital structure while diversifying its sources of financing. Currently, 57% of the debt is unsecured and 43% is mortgage backed. The loan-to-value ratio will remain at approximately 50%, with an average cost below 2.5%.