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2013-06-13 14:00:00 CEST 2013-06-13 14:00:01 CEST REGULATED INFORMATION Sponda - Company AnnouncementSponda signs EUR 85 million loan extensionSponda Plc Stock Exchange Release 13 June 2013, 3:00 p.m. Sponda signs EUR 85 million loan extension Sponda Plc has signed a loan extension agreement for 5 years for EUR 85 million with Helaba (Landesbank Hessen-Thüringen Girozentrale). Sponda has extended the original maturity from the spring 2014 to the spring 2018. The margin on the loan corresponds with current market levels and the most important covenants (the equity ratio and the interest coverage ratio) of the loan are in line with the company's other financial covenants. The loan is secured. 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 and Russia. Sponda's business concept is to own, lease and develop office, retail and logistics properties 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 1.5 million m². |
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