Citycon Oyj - Company Announcement

Citycon completed refinancing of Sektor Gruppen by signing a NOK 1.3 billion credit facility

CITYCON OYJ Stock Exchange Release 22 December 2015 at 14.30 hrs

Citycon Norway AS has completed the refinancing of Sektor Gruppen’s existing
debt by signing a local secured bank loan of NOK 1.3 billion (approx. EUR 140
million) with Skandinaviska Enskilda Banken AB (publ) and Danske Bank A/S. The
new credit facility is used to refinance existing Norwegian bank debt of NOK
1.3 billion. The transaction will reduce Citycon’s cost of debt and increase
the average loan maturity. 

The loan tenor is 5.5 years and the loan terms include a one-year extension
option that can extend the maturity subject to bank approval. Citycon has fixed
the interest cost of the NOK 1.0 billion term loan for 5.5 years, corresponding
to a total fixed cost of debt of approximately 2.5% p.a. The NOK 300 million
revolving credit line is floating rate. 


Helsinki, 22 December 2015


CITYCON OYJ


For further information, please contact:
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +358 50 557 9137
eero.sihvonen@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total close to EUR 5 billion and with market
capitalisation of approximately EUR 2 billion. For more information about
Citycon, please visit www.citycon.com