Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) is planning, in connection with the completion of the acquisition of Offentliga Hus AB, to repay secured bank debt of SEK 3 billion. The repayment results in lower financial costs on a 12-month rolling basis (everything else being equal) of SEK 30 million. At the same time, the repayment contributes to increasing SBB’s unencumbered assets cover ratio to over 3 times, which is among the strongest in Europe (see table below).
The planned repayment is part of SBB’s aim to achieve a BBB+ rating.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]