KlaraBo refinances part of the loan portfolio – lowest margin to date
KlaraBo has prematurely refinanced loans of approximately SEK 1.8 billion, with two of the Group's existing banks, which corresponds to approximately 35 percent of the total loan portfolio of SEK 4.9 billion. The new loans run for just over two and three years respectively, with an option for a further two years. As a result, the average margin on the total loan portfolio decreases by 14 basis points from 1.61% to 1.47%. The refinancing also contributes to an increase in the maturity of the entire portfolio by approximately 0.9 years and would, all other things being equal, amount to 2.3 years if the refinancing had been completed as of September 30.
“We are very pleased with the process regarding the refinancing of our loan portfolio and have had a good dialogue with our existing banks. The new financing means the lowest margin so far and thus gives us a lower financing cost going forward while extending our capital tied-up. We have now refinanced a large part of the loans maturing in 2025 and also intend to increase our sustainability-linked financing going forward. We see good opportunities to continue to grow with attractive financial terms going forward”, says Per Holmqvist, CFO at KlaraBo.