Citycon Oyj — Capital/Financing Update 2020

Nov 17, 2020

Citycon signed total EUR 500 million committed syndicated revolving credit facilities

Citycon signed total EUR 500 million committed syndicated revolving credit facilities

CITYCON OYJ   Stock Exchange Release   17 November 2020 at 16.15 hrs

Citycon Group has today signed total EUR 500 million new committed syndicated
multicurrency revolving credit facilities, to replace and extend its existing
EUR 500 million facility maturing in December 2021. The new facilities consist
of an unsecured facility and a secured facility, both separately up to EUR 250
million.
The credit facilities can be used for general corporate purposes. The maturity
of both new facilities is 3.5 years. The margin of the facilities is determined
based on Citycon's credit rating. Additionally, the margin is linked to
achieving Citycon’s 2030 key sustainability targets.
"Refinancing of Citycon’s revolving credit facility was an important milestone
completing our near-term refinancing and securing sufficient liquidity buffer
for several years ahead.  The transaction also demonstrates our access to debt
financing and the strength of our core bank relationships. Connecting Citycon’s
sustainability performance to our financing will further support Citycon’s
profile as a green investment.”, says Executive Vice President and CFO Eero
Sihvonen.
The mandated lead arrangers of the unsecured facility are Danske Bank A/S
(coordinator), Nordea Bank Finland Plc, Pohjola Bank plc, Skandinaviska Enskilda
Banken AB (publ) and Swedbank AB (publ). Respectively, the mandated lead
arrangers of the secured facility are Danske Bank A/S (coordinator), Pohjola
Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ).
Helsinki, 17.11.2020
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
Executive VP and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Laura Jauhiainen
Head of Investor Relations
Tel. +358 40 823 9497
laura.jauhiainen@citycon.com
Citycon is a leading owner, manager and developer of urban, grocery-anchored
shopping centres in the Nordic region, managing assets that total almost EUR 4.5
billion. Citycon is No. 1 shopping centre owner in Finland and among the market
leaders in Norway, Sweden and Estonia. Citycon has also established a foothold
in Denmark.
Citycon has investment-grade credit ratings from Moody's (Baa3), Fitch (BBB-)
and Standard & Poor's (BBB-). Citycon Oyj’s share is listed in Nasdaq Helsinki.
www.citycon.com