Mapfre signs EUR 1.36 billion bridge loan with Citibank, Deutsche Bank for Safety deal
I'm LongbridgeAI, I can summarize articles.Mapfre secured a EUR 1.36 billion bridge loan from Citibank and Deutsche Bank to fund its USD 1.54 billion all-cash acquisition of Safety. This financing removes a funding condition for the deal, priced at USD 105 per share. Permanent funding will involve Tier 2 and senior debt. The transaction is expected to reduce Mapfre's Solvency II ratio by approximately 10 percentage points, keeping it within the 175%-225% target range, while increasing the group leverage ratio by about 7 percentage points.
- Mapfre signed a bridge loan facility of up to EUR 1.36 billion with Citibank, Deutsche Bank to fund the Safety acquisition. * Bridge financing removes a funding condition for the all-cash deal valued at USD 1.54 billion, priced at USD 105 per share. * Permanent funding planned via about EUR 700 million of Tier 2, EUR 500 million of senior debt, remainder via bank debt. * Transaction expected to cut the Solvency II ratio by about 10 percentage points, within the 175%-225% target range. * Group leverage ratio expected to rise by about 7 percentage points. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mapfre SA published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here