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