Brief: KMC Properties Receives Bank Offers To Refinance NOK 1.85 Mln Bond Loan

Bevest ASA

31/03/2023 06:33

March 31 (Reuters) - Kmc Properties ASA  KMCP.OL :
    * STATUS ON REFINANCING OF NOK 1,850 MILLION BOND LOAN
    * RECEIVED A COMMITTED OFFER FROM A BANK FOR REFINANCING OF
APPROXIMATELY NOK 315 MILLION OF BOND LOAN AND AN INDICATIVE
OFFER FROM OTHER BANKS FOR APPROXIMATELY NOK 750 MILLION
    * COMPANY EXPECTS THAT NEW FINANCING PACKAGE REQUIRED TO
REPAY
BOND LOAN WILL HAVE BEEN ESTABLISHED BY END OF Q2 2023
    * WEIGHTED AVERAGE INTEREST RATE FOR NEW FINANCING WILL BE
IN
RANGE BETWEEN 300 AND 330 BASIS POINTS PLUS FLOATING INTEREST
(3-MONTH NIBOR, 3-MONTH EURIBOR, 3-MONTH STIBOR OR 3-MONTH
DANISH IBOR)

Source text for Eikon:  ID:nObinr3K6a 
Further company coverage:  KMCP.OL 

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