- Signs two new syndicated loans with 9 banks for €163.3 million, representing 87% of its debt.
- The agreement includes “Green” financing worth €56 million and frees up operational capacity to continue generating value for shareholders.
- The new financing allows the Company to achieve its objective of aligning the terms and conditions of its main sources of financing, extending maturities, and establishing a more flexible and cost-effective financial structure that enables the continued development of its strategic growth plan.
- The new financing allows the Company to achieve its objective of aligning the terms and conditions of its main sources of financing, extending maturities, and establishing a more flexible and cost-effective financial structure that enables the continued development of its strategic growth plan.
Madrid, May 6, 2025 – SILICIUS Real Estate, a SOCIMI specialized in long-term property management with stable rents, has successfully completed a new financing operation amounting to €163.3 million, representing 87% of its financial debt. The remainder of the company’s financial debt (around €25 million) was not modified in this transaction. The new financial structure eliminates short-term maturities, substantially improves the amortization schedule ensuring long-term stability, reduces the average financial cost positively impacting the company’s cash flow, and significantly reduces exposure to interest rate fluctuations.
The new financing has been formalized through two new syndicated mortgage loans. The first, worth €103.3 million with a 10-year maturity, includes a Green Tranche (aligned with the applicable principles of the “Loan Market Association” Green Loans) of €56 million. BBVA and Santander acted as Coordinating Entities, Green Loan Coordinators, Bookrunners, and Mandated Lead Arrangers. The syndicate also includes Banca March, BCC (Banco de Crédito Cooperativo), Laboral Kutxa, and Kutxabank.
The second loan, of €60 million with a 7-year maturity, was led by CaixaBank as Bookrunner, Mandated Lead Arranger, and Agent Bank, with the participation of Banco Pichincha and Abanca.
87% of the refinanced amount includes a hedge against interest rate (Euribor) fluctuations, allowing the company to significantly mitigate interest rate risk exposure. As a result, 90% of SILICIUS’s total debt is protected against interest rate fluctuations, strengthening the company’s financial predictability and improving medium- and long-term planning capacity. Additionally, the company eliminates significant short-term maturities and substantially improves its amortization schedule, with a positive impact on cash flow. This means SILICIUS can confidently execute its shareholder remuneration plan for the coming years while continuing to invest the planned Capex in its properties to increase portfolio rental income.
Juan Díaz de Bustamante, CEO of SILICIUS, stated:
“The completion of this transaction marks a milestone in SILICIUS’s trajectory. We have successfully finalized the company’s new financial structure, signing new financing covering more than 86% of our debt, consolidating a robust, efficient financial structure aligned with our long-term vision. This new financial structure not only protects us against interest rate volatility but also significantly improves our amortization schedule, reduces financial costs, and strengthens our cash flow. All of this results in a stronger, more predictable company that is better prepared to generate value for our current and future shareholders. Additionally, we have incorporated green financing, reaffirming our commitment to sustainability and responsible asset management. This operation grants us greater operational capacity, removes short-term pressures, and positions us advantageously to continue growing, exploring new strategic opportunities, and maintaining a stable and prudent dividend distribution policy.”
The new financing structure allows SILICIUS to maintain a prudent financial management policy while strengthening its capacity to sustainably distribute dividends. It also provides the company with greater flexibility to resume its growth path, whether through asset integrations, mergers with other SOCIMIs, or new strategic acquisitions.
Uría Menéndez acted as legal advisors to SILICIUS, and Pérez Llorca represented the financing entities. Chatham Financial acted as SILICIUS’s advisor for the derivative closure, Gloval Valuation and Tecnicasa as ECO appraisers, and Savills as RICS valuer.
