Sponda signs credit agreement extensions totaling EUR 250 million

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| Source: Sponda Oyj
multilang-release

Sponda Plc            Stock Exchange Release           13 December 2013 at 11:30

 

Sponda signs credit agreement extensions totaling EUR 250 million
 

Sponda Plc has signed a loan agreement for 4 years for EUR 150 million with Nordea Bank Finland Plc. The arrangement extends the loan original maturity from 2014 to December 2017. The loan is unsecured.

Sponda Plc has signed a credit limit facility agreement for 5 years for EUR 100 million with Danske Bank A/S, Helsinki Branch. The arrangement extends the credit limit original maturity from June 2014 to December 2018. The credit limit is unsecured.
 

The margins on the arrangements correspond with current market levels. The most important covenants (the equity ratio and the interest coverage ratio) of the arrangements are in line with the company's other financial agreements.

 

Sponda Plc

 

Kari Inkinen
President and CEO

 

Further information: Erik Hjelt, CFO, tel +358 400 472 313

 

 

Distribution:
NASDAQ OMX Helsinki
Media
www.sponda.fi

 

 

Sponda Plc is a property investment company that specialises in commercial properties in the largest cities in Finland.  Sponda’s business concept is to own, lease and develop office premises, retail properties and shopping centres in environments that promote the business success of its clients. The fair value of Sponda’s investment properties is approximately EUR 3.3 billion and the leasable area is around 1.4 million square metres.