Brief: Annehem Fastigheter Completes Refinancing

Annehem Fastigheter AB (publ)

30/10/2024 13:37

Oct 30 (Reuters) - Annehem Fastigheter AB (publ)
 ANNEb.ST :
    * ANNEHEM FASTIGHETER COMPLETES SUCCESSFUL REFINANCING
RESULTING
IN LOWER MARGINAL COSTS AND INCREASED BORROWING
    * HAS TODAY ENTERED INTO BILATERAL LOAN AGREEMENTS WITH
THREE
SWEDISH BANKS, THEREBY REPLACING PREVIOUS LOANS AMOUNTING TO SEK
1,532.0 MILLION, CORRESPONDING TO 73% OF TOTAL LOAN PORTFOLIO
    * REFINANCING IS BEING CARRIED OUT EARLY AS CURRENT LOANS
WITH A
BANK CONSORTIUM WERE SET TO MATURE IN NOVEMBER 2025
    * AGREEMENTS ALSO MEAN THAT ANNEHEM IS LEVERAGING ITS LOW
LOAN-TO-VALUE RATIO AND INCREASING TOTAL LOAN PORTFOLIO BY ABOUT
SEK 90.0 MILLION
    * THROUGH REFINANCING, ANNEHEM'S AVERAGE CAPITAL COMMITMENT
PERIOD
IS EXTENDED FROM 1.39 TO 3.15 YEARS

Source text:  ID:nBQNbjJJqR 
Further company coverage:  ANNEb.ST 

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