SLP refinances part of the loan portfolio in advance and lowers the margin
During September, SLP refinanced loans in advance of approximately SEK 1,400 million, which corresponds to approximately 25 percent of the total loan portfolio. The loans, which would have matured in the second quarter of 2025, now run for another 3 years. In connection with this, the average margin for the total loan portfolio, of approximately SEK 5,900m, decreases by three basis points from 1.50 to 1.47 percent.
"We are very pleased to have refinanced parts of our loan portfolio in advance, which gives us a lower average margin immediately and extends our capital tied up. The refinancing is the result of a good dialogue and a very strong interest from our existing banks. We see good opportunities to continue growing with secured bank financing at attractive terms going forward," says Tommy Åstrand, CEO of SLP.
The refinancing contributes to the capital tie-up increasing by approximately eight months for the entire portfolio, thus amounting to 2.0 years at the end of the third quarter.
For further information, please contact:
Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
About SLP – Swedish Logistic Property
Swedish Logistic Property – SLP – is a Swedish property company that acquires, develops, and manages logistic properties with sustainability in focus. Value growth is created through development of the properties which are located in Sweden’s most important logistic hubs. The property portfolio comprises a lettable area of approx. 1,075,000 sqm. SLP is a partner that takes responsibility and through this creates value for both tenants as well as for the company and its shareholders. SLP’s share of series B is listed at Nasdaq Stockholm Mid Cap. For further information about SLP: slproperty.se.
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