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PRESS RELEASE: Deutsche EuroShop financing: extended, robust and green

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DGAP-News: Deutsche EuroShop AG / Key word(s): Financing
Deutsche EuroShop financing: extended, robust and green
2021-06-30 / 09:30
The issuer is solely responsible for the content of this announcement.
Deutsche EuroShop financing: extended, robust and green
Hamburg, 30 June 2021 - Shopping center investor Deutsche EuroShop AG recently concluded new credit agreements in June
2021 for three loans maturing in 2021. The refinancing for the loans totalling EUR154 million has interest rates of
between 1.18% and 1.64% and a term of ten years.
"The ongoing pandemic is also affecting the financing market. However, due to the quality of our center portfolio, our
robust balance sheet structure and our good liquidity position, our financing partners are continuing to provide us
with long-term loans, even in this challenging and exceptional situation," says Olaf Borkers, CFO of Deutsche EuroShop,
with satisfaction. "We are also pleased that several of our loans are now counted by the financing banks within the
green bond-eligible portion of their assets. It helps that all our centers have been awarded gold or even platinum
certificates by the German Sustainable Building Council (DGNB). The DGNB certification system is considered one of the
most advanced in the world and is internationally recognised as a 'Global Benchmark for Sustainability'."
In addition, Deutsche EuroShop has been classified as "eligible" by the Deutsche Bundesbank for years now. Companies
that receive this assessment on the basis of the Bundesbank's analysis of creditworthiness can be treated by Eurosystem
central banks in the same way as companies that have been assigned "investment grade" by recognised rating agencies.
This means that credit claims against Deutsche EuroShop qualify as collateral for monetary policy operations conducted
by Eurosystem central banks.
Olaf Borkers: "Only the extension of a loan for EUR30.0 million is pending in 2021. Three additional loans totalling
EUR226.0 million must be extended in 2022, one loan for EUR209.1 million in 2023, no loans in 2024 and one loan for EUR58.7
million in 2025. Given the portfolio quality and the much improved pandemic situation, I am confident that we will get
good deals for these as well."
Deutsche EuroShop - The Shopping Center Company
Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The
SDAX-listed company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic
and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the
Galeria Baltycka in Gdansk, among many others.
2021-06-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Deutsche EuroShop AG
Heegbarg 36
22391 Hamburg
Germany
Phone: +49 (0)40 413 579-0
Fax: +49 (0)40 413 579-29
E-mail: ir@deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1212307

End of News DGAP News Service

1212307 2021-06-30



Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1212307&application_name=news


(END) Dow Jones Newswires

June 30, 2021 03:31 ET ( 07:31 GMT)
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