Northern Logistic Property (NLP) announces that the company has today
successfully completed the previously announced refinancing of 4.087 MSEK. The
refinancing includes all of the company's 20 properties, with a total market
value of 6.264 MSEK as per December 31 2012. The new group of lenders consists
of two Swedish banks, Swedbank and Sparbanken Ã–resund, and two German banks,
Aareal and Helaba. The refinancing, with a maturity structure of three to five
years, ensures that NLP has a stable funding base and improves the conditions to
finance future projects and investments. Prior to the refinancing the interest
risk has further been reduced through extending existing interest rate swaps and
signing of new agreements on interest rate caps, totaling approximately 1.300
MSEK. AGL and Fredersen AdvokatbyrÃ¥ have been advisors during the refinancing
and interest rate risk management process.
NLP has through the refinancing taken another important step in the company's
strategic development. The company has given notice of an extraordinary general
meeting that will be held on 26 February. The purpose is to approve to change
the company name from NLP to Tribona and to approve a merger plan that will
enable the listing of the company's shares to be transferred from the Oslo Stock
Exchange to NASDAQ OMX Stockholm. As a dedicated real estate company focusing on
logistic properties, with tenants, business partners, head office and properties
mainly in Sweden the listing in Stockholm is a logical step. The ambition is to
create a larger, market-leading company with a new brand, a clearly defined
vision and a clearer customer undertaking.
For more information:
Peter Strand CEO +46 70Â 588 16 61 email@example.com
Tommy Ã…strand CFO +46 70 545 59 97 firstname.lastname@example.org
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Northern Logistic Property ASA (NLP) is a leading pure-play logistic property
company based in the Nordic region. The portfolio consists of 20 advanced
logistic properties located in strategic locations relative to major logistics
flows, with a total lettable area of 734 000 square meters. It is the only
listed company of its sort in the Nordic countries.
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Source: Northern Logistic Property ASA via Thomson Reuters ONE