Lund, 19 September 2011
On the basis of the current long term interest rates market conditions, Northern Logistic Property (NLP) has during the last month entered into interest rate swaps agreements corresponding to SEK 1,624 million with forward starts in October 2011 or later.
At the end of the second quarter 2011 NLP had interest rate swaps corresponding to 106% of outstanding loans with an average interest of 3.66% excluding loan margins. During October 2011 interest rate swaps corresponding to SEK 2,300 millions will mature.
The new interest rate swaps agreements corresponding to SEK 1,624 millions entered into during the last months are:
· SEK 300 millions maturing in 2014 with a fixed interest of 2.39%
· SEK 502 millions maturing in 2018 with a fixed interest of 2.79%
· SEK 252 millions maturing in 2021 with a fixed interest of 2.75%
· SEK 570 millions maturing in 2023 with a fixed interest of 2.72%
This will affect results from and including the fourth quarter of 2011.
For further information please contact:
Tommy Åstrand, CFO: +46 705 45 5997, email: tommy.astrand@nlpfastigheter.se
About Northern Logistic Property ASA
Northern Logistic Property ASA (NLP) is a leading pure-play logistic property company based in the Nordic region. The portfolio consists of 20 advanced logistic properties located in strategic locations relative to major logistics flows, with a total lettable area of 711 600 square meters. It is the only listed company of its sort in the Nordic countries.
NLP delivers stable and increasing revenue and cash flow from rental income, driven by an attractive lease structure with solid tenants.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)