Catena financing approved
Catena has entered into an agreement with two Swedish commercial banks on the financing of Catena. This means that Catena has secured financing that establishes its independence from Bilia.
The financing consists entirely of bilateral real-estate credits of about SEK 1,360 M. All credits have a term of between four to six years. Through an additional agreement, Catena has an overdraft facility of SEK 75 million.
“It is highly satisfying that Catena’s financial base is now in place. To establish financing that is wholly independent of Bilia is an important step in the listing process, which otherwise is proceeding according to plan,” says Catena’s President Peter Hallgren in a commentary.
For additional information contact:
Peter Hallgren, +46-31-709 55 40 (until March 31, 2006),
then +46-31-760 09 30