Kojamo plc Press Release, 9 May 2023 at 4:00 p.m. EEST
Kojamo enters into a EUR 425 million credit agreement
Kojamo plc has signed a new EUR 425 million credit facility agreement linked to its sustainability targets together with six relationship banks. The loan is secured and has a maturity of three years with two one-year extension options. The loan will be used for the refinancing of company’s existing indebtedness as well as for the group’s general financing needs.
The margin of the credit facility is linked to Kojamo’s key sustainability targets related to the energy efficiency of new buildings as well as to the reduction of carbon footprint of the property portfolio.
“We are really pleased with the credit agreement made with key relationship banks which will cover company’s financing needs for this year,” says CFO Erik Hjelt.
The mandated lead arrangers and bookrunners for the credit agreement are Nordea Bank Abp (coordinator) and Danske Bank A/S; Skandinaviska Enskilda Banken AB (publ) is a mandated lead arranger, and OP Corporate Bank plc, Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are lead arrangers.
For more information, please contact
Erik Hjelt, CFO, Kojamo plc, tel. +358 20 508 3225
Niina Saarto, Director, Treasury & Investor Relations, Kojamo plc, tel. +358 20 508 3283
Kojamo is Finland’s largest private residential real estate company and one of the biggest investors in Finland. Our mission is to create better urban housing. Lumo offers environmentally friendly housing and services for the city dweller who appreciates quality and effortlessness. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo’s shares are listed on the official list of Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/