fac-004 · Term loan

Halden Property Group

Facility

Term loan

Currency: EUR
Commitment: €58.1m
Drawn: €49.5m
Undrawn: €8.6m
EAD: €53.8m
CCF: 50%
Margin: 315 bps
Maturity: 2 January 2028
Tenor: 21 months

Covenant monitoring

2 breached, 0 within 10% of the threshold

ICR

Direction: Minimum Threshold: 2.48 Current: 2.32 Next test: 30 Jun 2026 Quarterly

Net lev.

Direction: Maximum Threshold: 4.15 Current: 4.3 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Real estate

EUR

€63.7m

36%

€40.5m

20 Aug 2025

Independent appraisal

Total

€40.5m

Tenor

21 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€58.1m

€49.5m

€8.6m

n/a

85%

2026-Q2

€49.8m

€42.4m

€7.4m

-€7.1m

85%

2026-Q3

€41.5m

€35.3m

€6.2m

-€7.1m

85%

2026-Q4

€33.2m

€28.3m

€4.9m

-€7.1m

85%

2027-Q1

€24.9m

€21.2m

€3.7m

-€7.1m

85%

2027-Q2

€16.6m

€14.1m

€2.5m

-€7.1m

85%

2027-Q3

€8.3m

€7.1m

€1.2m

-€7.1m

85%

2027-Q4

€0

-€7.1m