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Prisma Properties refinances SEK 2.3 billion in bank loans – lowers average interest rate and strengthens earnings

19.02.2025, 08.00
Prisma Properties
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Prisma Properties (publ) has renegotiated a loan agreement with Swedbank and Nordea, totaling SEK 2.3 billion. The new agreement, which has an average maturity of 3.5 years, lowers the company's total average interest rate from 5.1% to 4.7%, reducing annual interest expenses by approximately SEK 15 million.

The refinancing is part of the company’s strategy to secure a long-term stable financing structure. As a result, Prisma’s average debt maturity increases from 1.9 to 3.4 years, while the share of interest-bearing debt maturing within the next 12 months decreases from 26% to 3%.

"I see this as a major achievement, successfully refinancing a significant part of our loan portfolio ahead of schedule. The new loan agreement strengthens our earnings and financial stability while positioning us for continued profitable and sustainable growth," says Fredrik Mässing, CEO at Prisma Properties.

For more information, please contact:
Fredrik Mässing, CEO
fredrik.massing@prismaproperties.se
+46 (0)70-277 01 48

Martin Lindqvist, CFO
martin.lindqvist@prismaproperties.se
+46 (0)70-785 97 02

This information is information that Prisma Properties is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-19 08:00 CET.

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Prisma Properties refinances SEK 2.3 billion in bank loans – lowers average interest rate and strengthens earnings

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