Adjustment of Nexity’s corporate credit facilities
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Paris, Friday April 24, 6.30 p.m. |
Nexity’s cash position remains very solid, with 762 million euros in cash and 555 million euros in undrawn confirmed bank loans.
As a precautionary measure and to anticipate the consequences of the health crisis on its EBITDA, Nexity has initiated a dialogue with its banking partners and today announces that it has made adjustments to its main corporate credit facilities. Nexity obtained a waiver of its commitment to respect its leverage ratio threshold (IFRS net debt excluding project debt / EBITDA); this exemption will apply until the approval of the 2021 financial statements. Nexity thanks its banking partners for their support and responsiveness. A similar process was initiated with Nexity bondholders.
Warning
The information, assumptions and estimates that the Company could reasonably use to determine its objectives are likely to evolve or modify, in particular because of economic, financial and competitive uncertainties. In addition, it is possible that some of the risks described in section 2 of the universal registration document filed with the AMF under number D.20-0280 on April 9, 2020 have an impact on the Group’s activities and of the Company to achieve its objectives. Consequently, the Company cannot give any assurance as to the achievement of its stated objectives and does not make any commitment or undertake to update or revise this information..
| AT NEXITY, WE AIM TO SERVE ALL OF OUR CUSTOMERS As their real estate needs evolve Nexity offers the widest range of advice and expertise, products, services and solutions for individuals, businesses and communities, in order to best meet the needs of our customers and their concerns. Our businesses – real estate brokerage, management, design, development, planning, consulting and associated services – are now optimally organized to serve and support our clients. As a benchmark operator in our sector, we are resolutely committed to all of our customers, but also to the environment and society as a whole. Nexity is listed on the SRD and in compartment A. of Euronext.
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