CITYCON OYJ Stock Exchange Release 2 June 2010 at 12.05 hrs
Citycon signs an additional EUR 50 million term loan
Citycon has today signed a EUR 50 million unsecured floating rate term loan facility
with Nordea Bank Finland Plc. The loan will mature in five years.
The new term loan will strengthen the company’s available liquidity and provides means
to finance Citycon’s growth with the help of long term financing. The proceeds from the
credit facility will be used to finance strategic investments such as shopping centre
redevelopment projects and refinancing of maturing debt. Citycon’s available committed
debt facilities total EUR 252 million taking into account this new loan meaning that the
company has sufficient liquidity to cover all authorised investments and debt maturities
for at least the next 12 months.
The credit margin is in line with the EUR 50 million loan signed on 31 May 2010.
Helsinki, 2 June 2010
For further information, please contact:
Eero Sihvonen, Executive Vice President, CFO
Tel +358 20 766 4459 or +358 50 557 9137
NASDAQ OMX Helsinki