Technopolis Plc Stock Exchange Release May 7, 2019 at 6:30 p.m. EEST
Technopolis Restructures Group’s Financing
Technopolis Plc and certain of its Group companies in Finland, Norway, Sweden and Lithuania have entered into a new financing arrangement consisting of euro, Norwegian krone and Swedish krona denominated senior secured facilities and mezzanine secured facilities for approximately EUR 930 million in total.
The facilities are to be used for, among others, refinancing existing indebtedness of Technopolis and its group companies, financing of certain existing and future organic growth projects and for general corporate purposes. The initial repayment date of the facilities is in 2022 but the term of the facilities can be extended until 2024. The financing arrangement includes customary financial covenants.
Technopolis Plc
Further information:
Sami Laine
Chief Financial Officer
tel. +358 40 502 7083
Technopolis is a shared workspace expert. We provide flexible offices, coworking spaces and everything that goes with them. Our services run from designing the workspace to reception, meeting solutions, restaurants and cleaning. We are obsessed with customer satisfaction and value creation. Our 17 campuses host 1,600 companies with 50,000 employees in seven countries within the Nordic and Baltic Sea region. www.technopolis.fi/en