February 28, 2017 / 8:45 AM / 5 months ago

BRIEF-Demire Deutsche Mittelstand Real Estate prolongs maturity of EUR 148 million promissory note

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Feb 28 (Reuters) - Demire Deutsche Mittelstand Real Estate AG:

* Prolongs maturity of 148 million euros ($156.52 million) promissory note at significantly better interest rate conditions

* FFO to increase annually by 1.45 million euros starting in 2017

* Interest rate has been reduced retroactively as at January 1, 2017, from 5 pct p.a. to 4 pct p.a. without paying a penalty for early repayment

* Because investors in promissory note waived their option for a partial repayment agreed at time of issuance, can now use entire proceeds from sale of non-core assets of around 22 million euros for further growth Source text for Eikon: Further company coverage: ($1 = 0.9455 euros) (Gdynia Newsroom)

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