Antilooppi has entered into a new EUR 565 million financing arrangement with the largest Nordic banks operating in Finland. The maturity of the facilities is five years with a possibility for one-year extension and it will replace the current EUR 470 million financing arrangement. The new bank financing facility agreement includes a EUR 385 million committed term loan facility, a EUR 15 million uncommitted overdraft facility and an uncommitted EUR 165 facility B. This financing agreement has been arranged by Nordea (coordinator and agent), OP, SEB, Danske Bank and Handelsbanken.
“Over the past years, Antilooppi has developed into one of the leading office investors in the Helsinki office market. The new five-year financing arrangement enables our continued growth and supports our long-term portfolio management. The financing agreement also shows trust in our team and in the quality of our portfolio”, says CEO Tuomas Sahi.
“We wanted to finalize our new financing arrangement well before the end of our previous arrangement, and also to take full advantage of the current low-cost, liquid financing market. With the new arrangement, we are not only seeking a greater financial buffer to support our growth but also looking to achieve a longer-term loan maturity. The financing agreement further strengthens the business relationship between Antilooppi and the participating Nordic banks, creating excellent potential for new financing arrangements in the future”, comments CFO Heikki Kaunisto.
Tuomas Sahi, CEO
+358 400 907877
Heikki Kaunisto, CFO
+358 50 440 5224