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2010-12-21 16:20:00 CET 2010-12-21 16:21:09 CET REGULATED INFORMATION Citycon Oyj - Company AnnouncementCitycon strengthens liquidity and signs a EUR 50 million revolving credit facilityCITYCON OYJ Stock Exchange Release 21 December 2010 at 17:20 hrs Citycon has today signed a EUR 50 million unsecured floating rate revolving credit facility with Swedbank AB (publ.), Finnish Branch. The loan period is approximately 5 years and the loan will mature in January 2016. The credit margin is in line with the other credit facilities signed in May and in June. During 2010, Citycon has signed new loan agreements for EUR 200 million in order to strengthen the company's available liquidity and provide means to finance future investments. The proceeds from the revolving credit facility will be used to finance strategic investments such as shopping centre (re)development projects, and to refinance maturing debt. Citycon's available committed debt facilities total approximately EUR 229 million taking this new loan into account. Helsinki, 21 December 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 eero.sihvonen@citycon.fi Distribution: NASDAQ OMX Helsinki Major media www.citycon.com [HUG#1474770] |
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