CITYCON OYJ Investor News 23 January 2026 at 11.15 hrs
Citycon has successfully completed a new EUR 520 million secured term loan facility, of which up to EUR 250 million is available under an accordion option. In addition, Citycon has also received a non-binding term sheet for an additional EUR 215 million of secured financing.
The company has signed a EUR 270 million secured term loan with an initial tenor of three years, maturing in January 2029, and including two one-year extension options. The facility also includes an accordion option of up to EUR 250 million, enhancing Citycon's financial flexibility. The loan is fully compliant with all Citycon's existing financial covenants.
In addition, Citycon has received a non-binding term sheet from a leading European bank for an additional EUR 215 million five-year secured financing, which is expected to close during the second quarter of 2026, subject to customary conditions and documentation.
Commenting on the transaction, Hilik Attias, CFO of Citycon, says: "The transaction we have just completed, together with the term sheet we have received, highlights not only the strength and quality of Citycon's asset base, but also our continued access to funding from leading global financial institutions. These transactions significantly enhance our financial flexibility, fully address our financing needs for the coming years, and are in full compliance with all our existing financial covenants."
Disclaimer:
The secured term loan facility described above has been executed and is fully committed. The additional EUR 215 million financing is based on a non-binding term sheet and remains subject to the negotiation and execution of definitive documentation, satisfaction of customary conditions precedent, and final credit approvals. Forward-looking statements contained herein involve risks and uncertainties, and there can be no assurance that the non-binding financing will be completed on the terms described, or at all.
CITYCON OYJ
For further information, please contact:
Hilik Attias
CFO
Contact requests through:
Anni Torkko
Investor Relations Manager
Tel. +358 45 358 0570
anni.torkko@citycon.com
Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 3.8 billion. Our centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.
Citycon’s shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com