Centro Repays $36.3M in Debt, Provides Update on Asset Sales, Oct. 10, 2009 Centro Retail Trust (CER) has fully repaid the outstanding loan balance that was remaining on its Galileo America debt facility, which was created when Centro acquired Galileo's $2 billion shopping center portfolio in May 2007. As of June 30, CER’s 95% share of the loan balance was $36.3 million, which the company fully repaid utilizing a combination of proceeds from assets sales and existing cash reserves within the Centro Shopping America Trust (CSF) portfolio.