FREY Secures €150M in Diversified Financing Transactions

FREY has announced the completion of two new financing agreements totaling €150 million. These agreements aim to diversify the company's financing sources, extend debt maturity, and raise funds to support its growth strategy in the open-air shopping sector across Europe. The favorable interest rates present an opportune moment for these transactions.

The first agreement involves a €100 million corporate financing deal with a 10-year maturity at a fixed rate, arranged by Natixis and subscribed by a major UK insurance firm. The second is a €50 million, 7-year mortgage arranged by BNP Paribas Bank Polska, secured by the Matarnia Park Handlowy shopping center in Gdansk, Poland.

This funding extends FREY's average debt maturity from 4.6 to 9 years and reduces the cost of debt, thanks to low interest rates. Additionally, these deals align with FREY's ESG policy by maintaining a 100% tie to environmental criteria.