D. Carnegie & Co after refinancing: Term to maturity on loan stock averages 4.5 years at average rate of 2.47%
As previously announced, D. Carnegie & Co - listed on Nasdaq First North Premier – has rescheduled two loans totalling approximately SEK 3.8 billion. As a result of the refinancing, as of 5 March this year the average term to maturity on the Company’s debts to credit institutions (excluding outstanding convertible loans) was 4.5 years. The average interest rate on the loan stock was 2.47%.
“ Thanks to ever lower market rates, we have been able to secure refinancing at a lower average rate, while at same time extending the average term to maturity on our borrowing . This is something that both increases profitability and minimises the risk for D. Carnegie & Co, ” says Ulf Nilsson, CEO of D. Carnegie & Co , who continues :
“With fixed interest rates on most of the portfolio, we can also benefit from the extremely low short-term rate on the rest of our loans . ”
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Further information, please contact:
Ulf Nilsson, CEO, D. Carnegie & Co +46 (0)8 – 121 317 25