Milbank Advises Citycon on €270M Term Loan with Up to €520M Capacity for Nordic Retail Portfolio

"Milbank LLP advised Citycon on a €270 million term loan facility secured on a portfolio of retail properties in Norway, with an accordion permitting up to €250 million of additional financing for assets in Sweden and Finland, increasing capacity to €520 million. Milbank acted as lead counsel and coordinated local counsel across Norway, Sweden and Finland."

Milbank LLP represented Citycon, the borrower, in connection with a term loan facility provided by alternative lenders. The transaction comprised a €270 million term loan facility secured against a portfolio of retail properties located in Norway. The facility includes an accordion feature that permits up to €250 million of additional financing to fund assets in Sweden and Finland, bringing the total potential facility to €520 million. Milbank acted as lead counsel, advising on all aspects of the transaction, including negotiation and finalization of the finance documents, coordination with local counsel on Norwegian, Swedish and Finnish matters, and overall transaction management through to successful completion. Milbank LLP represented Citycon with a team composed by: partner David Dixter (Corporate Finance and Securities); partners Miles Flynn and Rehan Hanif (Real Estate); and associates Jack Ingamells and Katie Wilkins.

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Milbank Advises Citycon on €270M Term Loan with Up to €520M Capacity for Nordic Retail Portfolio

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Milbank Advises Citycon on €270M Term Loan with Up to €520M Capacity for Nordic Retail Portfolio

Read the full story

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