Citycon signs €300m bridge credit facility to finance purchase of Iso Omena (FI)

Citycon Oyj has today signed a €300-million credit facility agreement with a Nordic bank group. The credit facility consists of two tranches, a €100-million tranche of six months, with an extension option for a further 90 days, and a €200-million facility of up to twelve months. The six months' tranche will be prepaid from proceeds of the rights issue.

The facility will be drawn for the financing of the acquisition of Iso Omena shopping center in Helsinki, Finland.

The mandated lead arrangers of the facility are Danske Bank A/S, Nordea Bank Finland Plc, OKO Bank plc and Skandinaviska Enskilda Banken AB (Publ). The facility was substantially oversubscribed at syndication. Margins for the facility are 0.25 - 0.30% p.a. over Euribor.

Source: Citycon

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