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13 February 2012

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French Klépierre re-financing with BNPP includes new e2.4bn

French REIT/SIIC Klépierre, focused on shopping centre, office and other retail real estate, has made a comprehensive refinancing of its outstanding debt, primarily through re-negotiation with its major shareholder, the bank BNP Paribas. The re-financing raises a new combined e2.4bn credit line, eases constraints on covenants, optimises repayment due dates and increases the amount of available lines of credit.

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