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.
Keith Silverang, CEO of Technopolis.
Technopolis Restructures Group’s Financing
Nordic — 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.