Citycon signs an additional EUR 50 million term loan
Citycon has today signed a EUR 50 million unsecured floating rate term loan
facility with Nordea Bank Finland Plc. The loan will mature in five years.
The new term loan will strengthen the company's available liquidity and provides
means to finance Citycon's growth with the help of long term financing. The
proceeds from the credit facility will be used to finance strategic investments
such as shopping centre redevelopment projects and refinancing of maturing debt.
Citycon's available committed debt facilities total EUR 252 million taking into
account this new loan meaning that the company has sufficient liquidity to cover
all authorised investments and debt maturities for at least the next 12 months.
The credit margin is in line with the EUR 50 million loan signed on 31 May 2010.
Helsinki, 2 June 2010
For further information, please contact:
Eero Sihvonen, Executive Vice President, CFO
Tel +358 20 766 4459 or +358 50 557 9137
NASDAQ OMX Helsinki