Centum Real Estate (CentumRE) has announced that it will be early repaying the interest and principal on its outstanding KES 2.957 billion Senior Secured Notes.
The repayment date will be Friday, November 24, 2023, instead of the original date of December 16, 2023.
We have issued a notice on the early repayment of interest and final principal maturity to all holders of the outstanding KES 2.957B Senior Secured Notes.
Details of the notice are available here: https://t.co/Od0PobIXDp
Invest in a trusted brand, invest in Centum RE.… pic.twitter.com/psL7Cpnbef
— Centum Real Estate (@CentumRE) November 23, 2023
The early repayment is being made possible by CentumRE’s strong financial position.
Also Read: Centum RE Records Sh174 Million Profit Due to Valuation Increase
The company has been generating solid cash flow from its operations and has also benefited from recent asset sales.
As a result, CentumRE has decided to take advantage of favorable market conditions to repay its debt obligations ahead of schedule.
The early repayment of the Senior Secured Notes will reduce CentumRE’s financial leverage and improve its overall financial flexibility.
This will allow the company to pursue new growth opportunities and further strengthen its position as a leading real estate developer and investor in Kenya.
Centum Real Estate [@CentumRE] has issued a notice to all holders of the outstanding KES 2.957B Senior Secured Notes on the early repayment of interest and final principal maturity.
The repayment date will be on Friday, 24th Nov 2023 from the previous date of 16th Dec 2023. https://t.co/YPzvj8FWj9 pic.twitter.com/zAmHVZH1pD
— Mwango Capital (@MwangoCapital) November 23, 2023
Key Points
- Centum Real Estate has announced that it will be early repaying the interest and principal on its outstanding KES 2.957 billion Senior Secured Notes.
- The repayment date will be Friday, November 24, 2023, instead of the original date of December 16, 2023.
- The early repayment is being made possible by CentumRE’s strong financial position.
- The early repayment of the Senior Secured Notes will reduce CentumRE’s financial leverage and improve its overall financial flexibility.
Additional Information
Centum Real Estate is a leading real estate developer and investor in Kenya.
The company has a diversified portfolio of properties, including residential, commercial, and retail assets.
CentumRE is committed to developing high-quality, sustainable real estate projects that contribute to the growth of the Kenyan economy.
