Press release

Instone Expands Existing Credit Lines and Takes out Additional Financing Arrangement

One of Germany’s leading homebuilders agrees incremental revolving credit facilities to increase financial and strategic flexibility /// Syndicate of six lenders, predominantly international banks, grants new EUR 50 million syndicated RCF /// Existing syndicated RCF increased to 120 million /// Existing liquidity and untapped corporate credit lines exceed EUR 330 million /// CFO Foruhar Madjlessi: “Considering capitalisation and liquidity we are well positioned for opportunities in more demanding markets”

Instone Real Estate Group SE (“Instone”), one of Germany’s leading residential developers, has further diversified its lending group and increased its financial and strategic flexibility. The company has agreed a new EUR 50 million revolving credit facility with a syndicate of banks including Credit Suisse, Deutsche Bank Group, HSBC AG, NATIONAL-BANK AG, UniCredit Bank AG und Ziraat Bank AG. The new credit line has a 2-year maturity and includes two extension options of one year each. In April 2022, Instone had already topped up its “savings banks credit line” from EUR 94 million to EUR 120 million adding five additional savings banks to the syndicate. Available undrawn credit lines and cash on hand provide Instone with more than EUR 330 million in available liquidity at this time. In addition, the company’s liquidity position benefits from unused project financing lines in a volume of additional EUR 164.0 million.

“The significant increase in our corporate credit lines is testament to the continued trust our banking partners place in Instone’s business,” emphasised Foruhar Madjlessi, CFO of Instone. The expansion of its revolving credit lines gives Instone further financial latitude to be able to take advantage of the opportunities arising in the current market environment. The company is once again setting itself apart from its competitors, as its CFO pointed out, adding: “We are pleased with the close and trusted relationship to our banking partners. We also see the expansion of our credit lines as confirmation of our conservative financing policy.”

Caption: CFO Foruhar Madjlessi, copyright Dawin Meckel

Press Contact
Instone Real Estate
Jens Herrmann
Grugaplatz 2-4, 45131 Essen
Tel. +49 (0)201 45355-113