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SFL Unwinds the Village Victor Hugo Financing Ahead of Term.

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From: Business Wire
Date: 20040528
Author:

Business Editors/Real Estate Writers

PARIS--(BUSINESS WIRE)--May 28, 2004

SFL has reimbursed ahead of term the VVH Mandatory Convertible Bonds issued to Predica and Pacifica (Credit Agricole Group), by converting the bonds into shares of SCA Village Victor Hugo (SCA VVH). As a result of this operation, Predica and Pacifica now have total control -- through SCA VVH -- over the 72,000 sq.m. Village Victor Hugo estate, consisting mainly of residential properties located around Place Victor Hugo in the 16th arrondissement of Paris.

By unwinding the financing ahead of ...

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