Sponda Oyj
Sponda signs EUR 100 million loan agreement
Sponda Oyj 31.10.2014 10:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Sponda Plc Stock Exchange Release 31 October 2014 at 11:00 Sponda signs EUR 100 million loan agreement Sponda Plc has signed a loan agreement for 5 years for EUR 100 million with Pohjola Bank plc. The loan is unsecured. The loan is being used in its entirety for partially refinancing existing syndicated loan that matures in November 2015. The syndicated loan's remaining principal at the balance sheet before the repayment is EUR 130 million. The most important covenants (the equity ratio and the interest coverage ratio) of the loan are in line with the company's other financial agreements. The margin on the arrangement corresponds with current market level. Sponda Plc Kari Inkinen President and CEO Further information: Erik Hjelt, CFO, tel +358 400 472 313 Distribution: NASDAQ OMX Helsinki Media www.sponda.fi Sponda Plc is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda's business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 3.3 billion and the leasable area is around 1.4 million m². News Source: NASDAQ OMX 31.10.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Sponda Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009006829 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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