Finland-based shared workspace provider Technopolis Plc signed an agreement with three Nordic financial institutions for a five-year, €518 million refinancing facility.
The deal involves four secured facilities: a €150 million term loan facility for refinancing existing debt, a committed CapEx facility of €100 million, a €100 million committed revolving credit facility and a guarantee facility of €168 million.
The facilities will replace a large part of Technopolis' bilateral secured bank loans in Finland, excluding long-term loans from the European Investment Bank worth €166 million.
