D. Carnegie & Co completes SEK 3,255 million refinancing
D. Carnegie & Co AB (publ) has completed a SEK 3,255 million refinancing with AIG Asset Management (Europe) Limited alongside a SEK 750 million revolving capex facility. The loan and capex facilities have a 7 year maturity profile which lengthen the company’s overall debt maturity profile from 3.3 years to 5.5 years.
“We are pleased to see a new major international financial institution as a financier of the company. This is in-line with our ongoing efforts to optimize D. Carnegie & Co’s capital structure.”
Svein-Erik Lilleland, Interim CEO of D. Carnegie & Co AB (publ)
For more information, please contact:
Svein-Erik Lilleland, Interim CEO, D. Carnegie & Co, tel. +46 (0) 8 – 121 317 25
This information was released for publication at 5.30 pm CET on 30 October 2017.
About D. Carnegie & Co
D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the company's renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 20,594 million on 30 September 2017. The total rental value amounted to SEK 1,562 million annually on 30 September 2017. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.