pbb and AB Sagax sign Offer Letter for five-year extension of secured credit facility (DE)

pbb Deutsche Pfandbriefbank and AB Sagax (publ) have agreed heads of terms for a SEK 4,300 million (approx. € 505 million) secured credit facility to extend the existing pbb facility for two industrial and warehouse portfolios.

The extension by way of refinancing of the facility is expected to close in Q4 2012 and is subject to documentation, satisfaction of all conditions precedent and that no adverse change in the debt capital and/or equity markets will occur.

Source: Deutsche Pfandbriefbank AG

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