Lumo Homes Extends and Increases Financing Facility with SMBC
Lumo Homes and SMBC Bank EU AG have amended their existing unsecured financing arrangement. The total facility size has been increased to EUR 200 million from EUR 150 million.
Construction company Lumo Homes has extended and increased its unsecured financing arrangement with SMBC Bank EU AG. Following the amendment, the total size of the financing arrangement now stands at EUR 200 million, an increase from the previous EUR 150 million.
The updated facility comprises a EUR 100 million revolving credit facility and a EUR 100 million term loan. The maturity of the term loan has been extended to September 2030, with an additional one-year extension option included.
This financial strengthening is intended to support Lumo Homes' ongoing development projects and strategic growth initiatives within the housing sector.
Lumo Homes focuses on developing sustainable and energy-efficient housing solutions. SMBC Bank EU AG is the European subsidiary of the Japanese Sumitomo Mitsui Financial Group, providing corporate banking services.