Brief: Kalleback Property Invest Extends Existing Loans

Kalleback Property Invest AB

10/07/2023 08:28

July 10 (Reuters) - Kalleback Property Invest AB
 KAPIAB.ST :
    * SAID ON FRIDAY HAS TODAY, VIA SUBSIDIARIES, EXTENDED
EXISTING
LOANS OF SEK 487 MILLION WITH A NORDIC BANK
    * SUBSIDIARY HAS ENTERED INTO AN AGREEMENT WITH THE BANK FOR
A
CREDIT LINE OF SEK 13 MILLION TO FINANCE FUTURE INVESTMENTS
    * EXTENDED LOAN HAS A TERM UNTIL 10 JULY 2027 AND THE
FINANCIAL
COSTS ARE ESTIMATED TO INCREASE BY SEK 12 MILLION BEFORE TAX ON
A FULL-YEAR BASIS
    * SEK 400 MILLION OF THE LOAN AMOUNT HAS BEEN INTEREST RATE
HEDGED
FOR 4 YEARS, I.E. WITH THE SAME TERM AS THE CREDIT

        
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