Sponda - Company Announcement

Sponda signs syndicated credit facilities agreement totalling EUR 600 million

Sponda Plc               Stock Exchange Release         14 June 2016, 15:15



Sponda signs syndicated credit facilities agreement totalling EUR 600 million

Sponda Plc has signed a syndicated credit facilities agreement for EUR 600
million in total. The agreement includes a term-loan for EUR 500 million and a
EUR 100 million revolving credit facility. 

The unsecured facilities are for 5 years. The term-loan is being used for
refinancing existing loans that mature in 2016 and for general corporate
purposes. The EUR 100 million revolving credit facility extends the similar
undrawn EUR 100 million revolving credit facility's original maturity from
November 2016. 

The terms for the facilities are similar to those for Sponda's other loans and
the most important covenants (the equity ratio and the interest coverage ratio)
of the arrangement are in line with the company's other financial covenants. 

The mandated lead arrangers and bookrunners are Danske Bank A/S, Nordea, OP
Corporate Bank plc, SEB and Swedbank AB (publ) and the lead arrangers Aktia
Bank p.l.c. and Helaba (Landesbank Hessen-Thüringen Girozentrale). Nordea acted
as sole co-ordinating bookrunner and is the Facility Agent 



Sponda Plc



Kari Inkinen
President and CEO



Further information: Kari Inkinen, President and CEO, tel. +358 400 402 653



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 3.7 billion and the
leasable area is around 1.2 million m².