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Following the refinancing of the first of its three senior debt facilities, announced in November 2018, Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has now refinanced the second senior debt facility. The refinancing has a positive effect on the Company's future cash flows.
The new €114 million facility with Danske Bank has a lower margin and a longer maturity than before. It also includes a facility for further acquisitions that the company has identified and that are likely to be carried out in the Spring.
"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. The new credit facility will allow us to continue the expansion of the portfolio as planned. We also aim at refinancing the third senior loan during this year." says Patrick Gylling, Chairman of the Board of Cibus.
Prior to this renegotiation, Cibus made two small transactions around new year. One small, non-core asset was sold in December and a new K-Market asset in Mäntsälä was acquired in February. These transactions have no material impact on the cash flow and operations of the company.
15 February 2019
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 (58% of the properties), Tokmanni (28%) and S-Group (8%). An additional 6% of the properties are let to other daily-goods operators such as Lidl. FNCA Sweden AB, +46(0)8-528 00 399 email@example.com, is appointed Certified Adviser.
Cibus Nordic Real Estate AB (publ)
Januari - mars 2020 (jämfört med januari - mars 2019)
Cibus Nordic Real Estate AB (publ)
January - March 2020 (compared with January - March 2019)
Organisationsbygget i Cibus Nordic Real Estate fortsätter med att bolaget anställt Peter Lövgren som CIO Sweden med ansvar för den svenska marknaden. Peter kommer rapportera till CEO Sverker Källgården och börjar sin anställning hos Cibus den 10/8.
Cibus Nordic Real Estate continue to build their organization by hiring Peter Lövgren as CIO Sweden, responsible for the Swedish operations. Peter will join Cibus on august 10th and will report to CEO Sverker Källgården.
Cibus Nordic Real Estate AB (publ) bjuder in till telefonkonferens/audiocast den 15 maj kl. 10:00. Bolagets VD, Sverker Källgården och CFO, Pia-Lena Olofsson, presenterar bolagets delårsrapport på engelska.
Cibus Nordic Real Estate AB (publ) invite to teleconference and audio cast on May 15, 2020 at 10.00 CEST. The company's CEO, Sverker Källgården, and CFO, Pia-Lena Olofsson, will present the interim report for the first quarter 2020 in English.
Aktieägarna i Cibus Nordic Real Estate AB (publ) ("Cibus" eller "Bolaget"), org. nr 559135-0599, kallas härmed till årsstämma fredagen den 24 april 2020 klockan 09.30 i City Conference Center, Norra Latins lokaler på Drottninggatan 71B, 111 23 Stockholm, Sverige.
The shareholders in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company"), reg. no 559135-0599, are hereby invited to the annual general meeting on Friday, 24 April 2020, at 09:30 a.m., at City Conference Center, at the premises of Norra Latin at Drottninggatan 71B, 111 23 Stockholm, Sweden.