MRM secures its financial resources by refinancing all of

Press release

MRM secures its financial resources by refinancing all of its bank debt

• New seven years € 82.1 loan of one million euros composed of two installments:
  • A credit line of 75.7 million euros allowing early repayment
    of all the Group’s bank debt
  • A € 6.4 million credit line to finance investments

Paris, December 23, 2021: MRM (Euronext code ISIN FR0000060196), a real estate investment company specializing in commercial real estate, today announces that it has taken out a new seven-year loan for a total amount of € 82.1 million allowing early repayment all of its current bank debt and offer it’s new financial resources to make investments.

In detail, this new mortgage backed by MRM’s real estate portfolio breaks down as follows:

• A credit line of 75.7 million euros which enabled MRM to prepay all of its bank debt, namely: 55.1 million euros due June 2022, 15.2 million euros euros maturing in October 2022 and 3.7 million euros maturing in June 2023;
• A credit line of 6.4 million euros to finance new investments aimed at capitalizing on the portfolio’s remaining value creation potential, as well as investments to support the environmental objectives set by MRM.

It was subscribed to with a banking pool made up of the European Bank of Crédit Mutuel, LCL and BRED Banque Populaire. The Banque Européenne du Crédit Mutuel acted as agent and co-arranger, LCL as co-arranger.

The Banque Européenne du Crédit Mutuel, LCL and BRED Banque Populaire were advised in this operation by the notary Victoires Notaires Associés and the law firm De Pardieu Brocas Maffei.

MRM was advised by the notary Lasaygues et Associés.

MRM Chief Financial Officer Marine Pattin comments: “The refinancing of our bank debt maturing between June 2022 and June 2023 was one of our main priorities. We are very beggingto have been able to carry out this refinancing before the end of the year, under satisfactory conditions reflecting the quality of our portfolio, and with new French banking partners ready to support us in our future development. This new seven-year loan significantly improves the visibility of our financial profile. In addition, the line of credit specifically intended to finance our investments gives us additional flexibility in order to continue to make our assets more attractive, in particular by deploying our CSR policy.“

Calendar

Fourth quarter revenue and 2021 full year results are expected on February 24, 2022 after market close.

About MRM

MRM is a listed real estate investment company that owns and manages a portfolio of commercial assets in several regions of France. Its majority shareholder is SCOR SE, which holds 59.9% of the capital. MRM is listed on compartment C of Euronext Paris (ISIN: FR0000060196 – Bloomberg code: MRM: FP – Reuters code: MRM.PA). MRM opted for SIIC status on January 1, 2008.

For more information

Website: www.mrminvest.com