Stockmann refinanced its long-term credit facilities

Helsinki, Finland, 2013-12-20 16:00 CET (GLOBE NEWSWIRE) --  STOCKMANN plc, Investor News 20.12.2013 at 17:00 EET  

Stockmann plc has agreed on the refinancing of its long-term loans. Bilateral agreements with six banks have been signed for credit facilities of EUR 700 million. The facilities replace the existing loans of EUR 650 million. The new credit facilities will mature in February 2019. The refinancing is not expected to have a significant effect on the Stockmann Group’s financial costs.

Further information:
Hannu Penttilä, CEO, tel. +358 9 121 5801
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351


www.stockmanngroup.com


STOCKMANN plc

Hannu Penttilä
CEO


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