Citycon improves its credit maturity profile by extending its revolving credit facility and two term loans
CITYCON OYJ Investor News 16 May 2024 at 9.00 hrsCitycon has agreed with the lenders on a one-year extension of its EUR 650 million committed syndicated multicurrency credit facility by utilizing its one-year extension option. The facility consists of EUR 400 million revolving credit facility and a EUR 250 million term loan. The new maturity date for the facility is in April 2027. Additionally, Citycon has renegotiated the SEK 2,060 million term loan that was acquired with Kista Galleria and extended its tenor to five years. The term loan is now maturing in May 2029. “Extending