Parques Reunidos devotes 0.5% of its revenues to CSR initiatives
Parques Reunidos renegotiates its financing costs and saves 2 million Euro per year
- The company has managed to reduce the spread applicable to its debt by 40 basis points;
- Following this renegotiation, Parques Reunidos extends the maturity of its debt by a period of 9 months;
Madrid. February 14, 2017 – Parques Reunidos has signed the novation of its syndicated debt, described in the stock exchange flotation booklet in the section Senior Term and Multicurrency Revolving Facilities Agreement.
On April 1, 2016, a loan and syndicated credit facilities to the value of 575 and 200 million Euro respectively were formalized.
On January 31, 2017 the syndicated debt in the aforementioned loan amounted to 575 million Euro and 28.3 million Euro had been drawn from the credit facility.
Following this renegotiation, Parques Reunidos has achieved a reduction in financing costs amounting to approximately 2 million Euro per year.
The company thus benefits from market conditions and has achieved a reduction of 40 basis points in the interest rate spread applicable to the debt and, in addition, an extension of 9 months in the maturity of this debt.
About Parques Reunidos
Parques Reunidos is one of the world’s leading operators of leisure parks. The company portfolio comprises 61 assets (amusement parks, animal parks, aquatic parks, family entertainment centers and other attractions). Parques Reunidos is present in 14 countries in the Americas, Europe and Asia, receiving approximately 20 million visitors per year. For more information regarding Parques Reunidos, please visit: www.parquesreunidos.com
Media contact:
Eurocofin (Communications consultancy for the Parques Reunidos Group)
Lola Fernández/Gemma Cano/Marta Ordovás
Tel. +34 91 308 36 57
Parques Reunidos External Communications Department:
José María Nogueira
Tel.: (+34) 91 526 97 00
