INTU Intu Properties Plc

 
TIDMINTU 
 
6 APRIL 2018 
 
INTU PROPERTIES PLC 
 
LEI: 213800JSNTERD5CJZO95 
 
Regulated Information Classification: Additional regulated information required 
to be disclosed under the laws of a Member State of the EU. 
 
AMENDMENT AND EXTENSION OF PUERTO VENECIA TERM LOAN 
 
intu properties plc ('intu') announces an amendment and extension to the EUR225 
million term loan secured on Puerto Venecia shopping centre in Zaragoza, Spain. 
The centre is jointly owned with Canada Pension Plan Investment Board. 
 
Following negotiations with lenders, the margin on the loan has been reduced by 
120 basis points compared to the existing facility and the maturity date has 
been extended from 2019 to 2025. The loan will be hedged for its full value and 
tenor. 
 
Matthew Roberts, chief financial officer of intu, commented: 
 
"We have worked closely with our relationship banks on the margin reduction and 
extension of this loan and we are pleased to have been able to secure these 
revised terms. This is a further example of the refinancing work we have been 
doing over the last few years at intu to reduce our weighted average cost of 
debt and increase the debt maturity profile." 
 
ENQUIRIES 
 
intu properties plc 
 
Matthew Roberts  Chief Financial Officer                       +44 (0)20 7960 1353 
 
Hugh Ford        General Counsel & Group Treasurer             +44 (0)20 7960 1207 
 
Adrian Croft     Head of Investor Relations                    +44 (0)20 7960 1212 
 
 
NOTES FOR EDITORS 
 
intu owns and manages some of the best shopping centres, in some of the 
strongest locations, in the UK and Spain. 
 
Our UK portfolio is made up of 17 centres, including eight of the top 20, and 
in Spain we own three of the country's top 10 centres, with advanced plans to 
build a fourth. 
 
We are passionate about creating compelling experiences, in centre and online, 
that make our customers smile and help our retailers flourish. 
 
We attract over 400 million customer visits and 26 million website visits a 
year offering a multichannel approach that truly supports retail strategies. In 
2017, we launched the UK's first tailor-made promotional services model to help 
brands as they look to optimise their portfolio or expand their UK coverage. 
 
Our strategic focus on prime, high-footfall flagship destinations, combined 
with the strength and popularity of our brand, means that intu offers enhanced 
footfall, dwell time and loyalty. This helps our retailers flourish, driving 
occupancy and income growth. 
 
We are committed to our local communities, with our centres supporting over 
120,000 jobs (representing about 3 per cent of the total UK retail workforce), 
and to operating with environmental responsibility. We have already met or 
exceeded a significant number of our 2020 environmental targets. 
 
 
 
END 
 

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April 06, 2018 07:00 ET (11:00 GMT)

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