Annehem Fastigheter extends financing of SEK 1.6 billion of the total debt of SEK 1.9 billion

Annehem Fastigheter AB (publ) has extended the financing of its outstanding debt of SEK 1.6 billion with an existing bank consortium consisting of Nordea, SEB and Swedbank. As a result, the existing agreement is extended until November 2025 with the same terms as before, except for a discount obtained for the green properties in the portfolio and that the requirement for the interest-coverage ratio has been reduced from 2.0 to 1.7. As of 2022-09-30, the company's net loan-to-value ratio was 37.8 percent, the equity/assets ratio was 53.3 percent, and the interest coverage ratio was 2.9.

"We are pleased that in the challenging market we have managed to secure this extension, which significantly reduces our refinancing risk and ensures tied-up capital for another three years. It is also gratifying that we get an exchange on our sustainability work in the form of a green discount." says Monica Fallenius, CEO of Annehem Fastigheter.