Brief: Storskogen Says Refinances Credit Facility Agreements

Storskogen AB (publ)

16/03/2024 11:16

March 16 (Reuters) - Storskogen Group AB (publ)
 STORb.ST :
    * STORSKOGEN REFINANCES CREDIT FACILITY AGREEMENTS
    * STORSKOGEN - ON 16 MARCH 2024, CO ENTERED INTO AGREEMENT
TO
REFINANCE PREVIOUS REVOLVING CREDIT FACILITY OF EUR 1 BILLION
MATURING ON 24 SEPTEMBER 2025
    * AVERAGE MATURITY FOR GROUP'S CREDIT PORTFOLIO IS THEREBY
EXTENDED FROM 18 TO 33 MONTHS
    * CO ENTERED INTO A BINDING AGREEMENT FOR UNSECURED
SYNDICATED
TERM FACILITY OF EUR 300 MILLION MATURING ON 24 MARCH 2025
    * STORSKOGEN - THESE HAVE BEEN REPLACED BY A SMALLER
UNSECURED
FACILITY AGREEMENT WITH A REVOLVING CREDIT FACILITY OF EUR 400
MILLION
    * THESE HAVE BEEN REPLACED BY AN UNSECURED SYNDICATED TERM
FACILITY OF EUR 330 MILLION

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