Reyal Urbis Lenders Refuse to Refinance Debt, Confidencial Says

The 59 creditor banks of Reyal Urbis SA (REY), a Spanish real-estate company with 3.7 billion euros of debt ($4.85 billion), decided not to continue refinancing the company’s loans, El Confidencial reported, citing unidentified people at some of the banks.

The lenders may take over real-estate assets from Reyal Urbis and debt or carry out debt-for-equity swaps, the newspaper added.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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