D. Carnegie & Co completes a SEK 4.8 billion refinancing and repays the 2015/18 SEK 1.0 billion bond
D. Carnegie & Co AB (publ) (‘the Company’) has completed a SEK 4.8 billion refinancing, combined with a SEK 1.0 billion revolving capex facility. The SEK 1.0 billion 2015/18 senior unsecured bond has as a result been fully repaid. Proceeds after the refinancing and subsequent bond repayment amount to approximately SEK 1 billion.The SEK 4.8 billion refinancing was secured at a 2.1 percent margin on a floating rate basis (90% hedged by a interest rate cap at 2.5%), and has a term of 7 years, extending the Company’s senior debt maturity profile from 5.3 to 6.0 years. The loan is non-recourse