Peab has entered into an agreement for a new credit facility totaling SEK 8.0 billion to refinance the current credit facility of SEK 7.0 billion that matures in June 2028.
The credit facility of SEK 8.0 billion runs until March 20, 2029 with the possibility of an extension for one plus one year. Four banks participate in the transaction: Nordea, Swedbank, SEB and Handelsbanken. The transaction is coordinated by Nordea.
The credit agreement is intended to refinance the company's existing credit facility which matures in June 2028. The loan contract makes up Peab's long-term financing foundation and is complemented by capital market financing, other types of short-term financing and project-related credit.
"This credit agreement contributes to maintaining our stable financial situation and helps us to continue to invest in our targets and strategies and continue to build our Nordic communities," says Peab's CFO Niclas Winkvist.
For further information, please contact:
Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45
