Capital/Financing Update • May 31, 2010
Capital/Financing Update
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CITYCON OYJ Stock Exchange Release 31 May 2010 at 10:30 hrs Citycon signs a new EUR 50 million term loan Citycon has today signed a EUR 50 million unsecured floating rate term loan facility with Pohjola Bank 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."The facility was arranged successfully, demonstrating Citycon's ability to finance its growth as planned in cooperation with our relationship banks. The total fixed financing cost for five years after an interest rate swap was below 4 per cent, and clearly below the last reported weighted average interest rate of Citycon", comments Executive Vice President and CFO Eero Sihvonen. Helsinki, 31 May 2010 CITYCON OYJ Petri Olkinuora CEO For further information, please contact: Eero Sihvonen, Executive Vice President, CFO Tel +358 20 766 4459 or +358 50 557 9137 [email protected] Distribution: NASDAQ OMX Helsinki Major media www.citycon.com [HUG#1420165]
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