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CORESTATE completes the HFS acquisition by early refinancing
HFS acquisition / Funding costs reduced by 80%(PresseBox) ( Frankfurt, )
As announced CORESTATE mainly used the proceeds from the successful issuance of a convertible bond in November 2017 to refinance debt.
Lars Schnidrig, CFO of CORESTATE: “With the early repayment, we were able as envisaged to cut our financing costs significantly. We reduce financing cost of the HFS acquisition by 80%. This is a first important step to lower our interest costs. We will continue to optimize the cost of capital in the future.”
This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
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