Gazit-Globe repays $92.5 million loans, drops $115 million facilities

By Susanna Moon

Chicago, June 26 – Gazit-Globe Ltd. said some of its wholly owned subsidiaries have repaid about $92.5 million of credit facilities.

The companies entered into agreements with Bank Leumi Israel Ltd. to pay down some loans on Thursday, according to a 6-K filing with the Securities and Exchange Commission.

The companies also terminated $115 million credit facilities set to expire in April 2016.

After repayment, the facilities from the bank have a total amount of about $250 million.

At the same time, the company’s subsidiaries entered into a long-term, unsecured loan facility with an institutional investor for about $100 million.

Gazit-Globe is based in Tel Aviv. It owns and operates supermarket-anchored shopping centers.

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