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CIBUS NORDIC REAL ESTATE AB (PUBL) REFINANCES THE SECOND OF ITS THREE SENIOR
DEBT FACILITIES
Following the refinancing of the first of its three senior debt facilities,
announced in November 2018, Cibus Nordic Real Estate AB (publ) (Cibus or the
Company) has now refinanced the second senior debt facility. The refinancing
has a positive effect on the Companys future cash flows.
The new 114 million facility with Danske Bank has a lower margin and a longer
maturity than before. It also includes a facility for further acquisitions that
the company has identified and that are likely to be carried out in the Spring.
We are very happy to be able to continue the execution of the business plan we
set out for Cibus at the time of the IPO in an even quicker pace than
anticipated. The new credit facility will allow us to continue the expansion of
the portfolio as planned. We also aim at refinancing the third senior loan
during this year. says Patrick Gylling, Chairman of the Board of Cibus.
Prior to this renegotiation, Cibus made two small transactions around new year.
One small, non-core asset was sold in December and a new K-Market asset in
Mäntsälä was acquired in February. These transactions have no material impact
on the cash flow and operations of the company.
15 February 2019
For further information, please contact:
Patrick Gylling, Chairman of the Board, Cibus Nordic Real Estate (+358 40 54 26
397)
The following documents can be retrieved from beQuoted
Cibus Pressrelease
2019-02-15.pdf-http://www.bequoted.com/beQPress/download.asp?Id=25164
Cibus is a real estate company listed on Nasdaq First North in Stockholm. The
companys business idea is to acquire, develop and manage high quality
properties in the Nordics with reputable grocery and discount store chains as
anchor tenants. The company currently owns 132 properties in Finland. The main
tenants are Kesko (58% of the properties), Tokmanni (28%) and S-Group (8%). An
additional 6% of the properties are let to other daily-goods operators such as
Lidl. FNCA Sweden AB is appointed Certified Adviser |