Citycon has today signed a EUR 50 million unsecured floating rate revolving
credit facility with Swedbank AB (publ.), Finnish Branch. The loan period is
approximately 5 years and the loan will mature in January 2016. The credit
margin is in line with the other credit facilities signed in May and in June.
During 2010, Citycon has signed new loan agreements for EUR 200 million in order
to strengthen the company's available liquidity and provide means to finance
future investments. The proceeds from the revolving credit facility will be used
to finance strategic investments such as shopping centre (re)development
projects, and to refinance maturing debt.
Citycon's available committed debt facilities total approximately EUR 229
million taking this new loan into account.
Helsinki, 21 December 2010
CITYCON OYJ
Petri Olkinuora
CEO
For further information, please contact:
Eero Sihvonen, Executive Vice President, CFO
Tel +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.fi
Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com
[HUG#1474770]