DDM Debt secures financing for its JV in Croatia
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that the group, together with its Joint Venture partner B2Holding, has secured third party financing for part of its JV in Croatia acquired in Q2 2019. DDM’s share of the gross proceeds from the financing amounts to approximately EUR 35 million. The financing is at a lower cost of borrowing than the existing senior secured bond frameworks. Repayments will be made according to an amortization schedule linked to certain cash flows from the portfolio. Henrik Wennerholm, CEO of DDM, comments: “We are happy to have secured financing on favourable