KlaraBo extends existing loan of slightly more than SEK 500 million to autumn 2027

In September, KlaraBo will extend an existing loan of slightly more than SEK 500 million to autumn 2027, with a Nordic bank as lender. The loan’s credit margin is below KlaraBo’s current average credit margin, and the company will also extend its loan maturity to 2.6 years based on figures from 31 March 2023.

Press release     Malmö, 28 June 2023

“It is a sign of KlaraBo strength that, in the prevailing market climate, it is extending a loan with favourable terms. All of KlaraBo’s loans have been raised with Nordic banks, which provides a considerable advantage in the current situation. The extended loan maturity also provides greater predictability and lower refinancing risk since the company’s next small loan to mature will not be until the second quarter of 2024,” says Jonas Rosengren, CFO of KlaraBo.

The loan in question represents slightly more than 10 per cent of KlaraBo’s total outstanding loan debt.

For more information:
Jonas Rosengren, CFO KlaraBo
jonas.rosengren@klarabo.se
+46 762 68 94 56

About KlaraBo

KlaraBo is a real estate company that acquires, builds, owns and manages attractive residential properties. The company was founded in 2017 and operates throughout the country. The strategy is to acquire existing residential properties as well as land for new construction in regions with population growth and a strong labour market. Our newly constructed apartments are developed in-house and space efficient, which contribute to reasonable rents. Both apartments and buildings are designed in collaboration with the municipality to fit local needs. With wood as the main building material, the new construction holds a high environmental standard. KlaraBo is a long-term property owner. KlaraBo is listed on Nasdaq Stockholm and is traded under the ticker KLARA B.