fac-005 · Term loan

Kestrel Estates NV

Facility

Term loan

Currency: EUR
Commitment: €102.2m
Drawn: €94.9m
Undrawn: €7.3m
EAD: €98.6m
CCF: 50%
Margin: 385 bps
Maturity: 20 January 2028
Tenor: 21 months

Covenant monitoring

0 breached, 1 within 10% of the threshold

Net lev.

Direction: Maximum Threshold: 2.88 Current: 2.68 Next test: 30 Jun 2026 Quarterly

ICR

Direction: Minimum Threshold: 2.59 Current: 3.38 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

This facility is unsecured

Tenor

21 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€102.2m

€94.9m

€7.3m

n/a

93%

2026-Q2

€87.6m

€81.3m

€6.3m

-€13.6m

93%

2026-Q3

€73m

€67.8m

€5.2m

-€13.6m

93%

2026-Q4

€58.4m

€54.2m

€4.2m

-€13.6m

93%

2027-Q1

€43.8m

€40.7m

€3.1m

-€13.6m

93%

2027-Q2

€29.2m

€27.1m

€2.1m

-€13.6m

93%

2027-Q3

€14.6m

€13.6m

€1m

-€13.6m

93%

2027-Q4

€0

-€13.6m