Brief: KMC Properties Updates On Refinancing Of NOK 1,850 Million Bond Loan

Bevest ASA

26/05/2023 11:50

May 26 (Reuters) - Kmc Properties ASA  KMCP.OL :
    * UPDATE ON REFINANCING OF NOK 1,850 MILLION BOND LOAN
    * RECEIVED COMMITTED OFFERS FROM BANKS FOR AN ADDITIONAL NOK
750
MILLION, REACHING APPROXIMATELY NOK 1,065 MILLION IN COMMITTED
FINANCING
    * COMPANY CONTINUES TO BE IN ACTIVE DIALOGUES AND DUE
DILIGENCE
PROCESSES WITH BANKS AND PRIVATE DEBT PROVIDERS FOR REMAINING
AMOUNT
    * EXPECTS NEW FINANCING PACKAGE REQUIRED TO REPAY BOND LOAN
TO BE
ESTABLISHED BY END OF Q2 OF 2023
    * EXPECTS REFINANCING WILL BE COMPLETED BY END OF Q3 THIS
YEAR

Source text for Eikon:  ID:nObiMDmt8a 
Further company coverage:  KMCP.OL 

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