Pareto advises Telefonplan Stockholm Property AB (publ) on their amendment of terms and successful subsequent bond issue of SEK 50 million
Pareto Securities AB has advised Telefonplan Stockholm Property AB (publ) (“Telefonplan”), the owner of the two properties Timotejen 19 and Timotejen 28 at Telefonplan in Stockholm, on their successful completion of an amendment of terms and a subsequent issue of bonds under the existing bond loan.Through the amendments, Telefonplan has prolonged the existing bond loan with 12 months following a longer than expected zoning plan process to re-regulate its properties into mainly residential use. Further, the amendments allows for Telefonplan to issue subsequent bonds of up to SEK 50 million