Castres & Snellman advised Citycon in a major finance transaction where Citycon Treasury B.V. signed a EUR 500 million unsecured committed multicurrency revolving credit facility agreement with a Nordic bank group including Skandinaviska Enskilda Banken AB (publ) (also acting as the agent), Pohjola Bank plc, Danske Bank A/S, Nordea Bank Finland Plc and Swedbank AB (publ). The credit facility is guaranteed by Citycon Oyj.

The new credit facility will be used to refinance approximately EUR 100 million of term loans and additionally to replace currently unutilised existing revolving credit facilities totalling EUR 380 million with an average remaining maturity of 2.3 years.

The C&S team included Partner Sakari Lukinmaa and Counsel Mikko Heinonen.