News

Cibus Nordic Real Estate AB (publ) refinances part of its senior debt and continues to grow its portfolio through acquisitions

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has signed the acquisition of a portfolio of six daily-goods properties in Finland. In conjunction with the transaction, Cibus has refinanced one of its three senior-loan facilities. The new €142 million facility has a lower margin than the previous one and includes the financing of the portfolio acquired today. The acquisition and the refinancing will have a positive effect on the Company's future cash flow.

The properties acquired today are all let to Kesko and Tokmanni. They have a combined area of some 23,000 sqm and the total acquisition cost was €30 million. The sellers were funds managed by WasaGroup Funds Oy, a Finnish real estate fund manager and developer.

In conjunction with the transaction, one of Cibus' senior-loan facilities was refinanced, lowering the margin, prolonging the maturity and allowing for the acquisition. Nordea Bank acted as the mandated lead arranger and coordinator of the bank consortium, where the other lenders are Swedbank and Aktia Bank.

"We are very happy to be able to continue the execution of the business plan we set out for Cibus at the time of the IPO in an even quicker pace than anticipated. We will now start the renegotiation of the remaining two loan facilities, which will allow us to continue the expansion of the portfolio as planned." says Patrick Gylling, Chairman of the Board of Cibus.

5 November 2018

For further information, please contact:
Patrick Gylling, Chairman of the Board, Cibus Nordic Real Estate (+358 40 54 26 397)

Cibus is a real estate company listed on Nasdaq First North in Stockholm. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with reputable grocery and discount store chains as anchor tenants. The company currently owns 132 properties in Finland. The main tenants are Kesko (57% of the properties), Tokmanni (27%) and S-Group (7%). An additional 5% of the properties are let to other daily-goods operators like Lidl, Halpa-Halli or independent grocers.

November 05, 2018

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has signed the acquisition of a portfolio of six daily-goods properties in Finland. In conjunction with the transaction, Cibus has refinanced one of its three senior-loan facilities. The new €142 million facility has a lower margin than the previous one and includes the financing of the portfolio acquired today. The acquisition and the refinancing will have a positive effect on the Company's future cash flow.

October 29, 2018
Regulatory

The CEO of Cibus Nordic Real Estate AB (publ) ("Cibus") Lisa Dominguez Flodin, has reached an agreement with the board of the company to leave the company and resign as CEO. The company will start a recruitment process with the aim of finding a new CEO. In the meantime, the board member Jonas Ahlblad will serve as interim CEO.

October 18, 2018
Regulatory

At the annual general meeting held on 18 October 2018 in Cibus Nordic Real Estate AB (publ) the main resolutions passed were the following:

September 20, 2018
Regulatory

The shareholders of Cibus Nordic Real Estate AB (publ), reg. no 559135-0599, are hereby invited to the annual general meeting, to be held on Thursday 18 October 2018 at 10:30 a.m. at the premises of Pareto Business Management AB, Berzelii Park 9, 9th floor in Stockholm, Sweden.

September 18, 2018
Regulatory

Cibus Nordic Real Estate AB (publ) Year-end Report 23 November 2017 - 30 June 2018 Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") releases the first year-end report (Sw: Bokslutskommuniké) for the period of 23 November 2017 through 30 June 2018.

September 17, 2018
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has previously stated that the year-end report (Sw: Bokslutskommuniké) will be released on September 20, 2018. Since the report will be finalized earlier, the board has decided to release the report two days earlier, thus September 18, 2018.

August 27, 2018
Regulatory

Chairman Rickard Backlund has today resigned from the board of directors of Cibus Nordic Real Estate AB (publ) ("Cibus"). New acting chairman is Patrick Gylling.

July 02, 2018
Regulatory
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has completed two separate acquisitions of a total of three assets to its portfolio in Finland. These acquisitions will have a positive effect on the Company's future cash flow. Furthermore, Cibus has initiated refinancing discussions regarding one of its senior-loan facilities which would allow the Company to conclude further acquisitions later in the year.
June 27, 2018
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus") has prolonged seven leases with Tokmanni by approximately 5.5 years. The average lease length for all Tokmanni assets owned by Cibus is hereby approximately 7 years, and there are no leases shorter than 4 years.

April 27, 2018
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" or "the Company") issued a EUR 135 million unsecured bond on March 7, 2018. The bond runs until May 26, 2021 with an annual floating interest of three-month EURIBOR plus 4.50 per cent.

1
2