Icade secures EUR 1.5b financing from eight banks

French property giant Icade has signed a EUR 1.55 bn club deal with a consortium of eight banks to refinance its acquisition of business park owner Silic. The bank consortium consists of Crédit Mutuel-CIC Group, BNP Paribas, Crédit Agricole Corporate & Investment Bank, HSBC France, Lloyds TSB Bank, Natixis and Société Générale.

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