Kungsleden refinances bank loans and extends the average debt maturity at a lower funding cost
Kungsleden AB (publ.) (”Kungsleden”) has refinanced bank loans of SEK 2.8 billion by entering into bilateral credit agreements through wholly owned subsidiaries at a total credit commitment of SEK 3.3 billion.One of the credit agreements with a total commitment of SEK 1 924 million has been signed with Swedbank and has a maturity of 6 years. Of the total commitment SEK 250 million refers to a tranche that will be used for planed project investments. The other credit agreement with a total commitment of SEK 1 406 million has been signed with SEB and has a maturity of 5 years. The refinancing