KMC Properties ASA – Status on refinancing of NOK 1,850 million bond loan

31 Mar 2023 07:00 CEST

KMC Properties ASA's ("KMCP" or the "Company") NOK 1,850 million senior secured
bond loan is repayable on 11 December 2023 and the Company has previously
announced that a key priority for KMCP is to complete its refinancing of the
bond loan.

KMCP is pleased to announce that it has received a committed offer from a bank
for refinancing of approximately NOK 315 million of the bond loan and an
indicative offer from other banks for approximately NOK 750 million. In
addition, the Company is in active dialogues and due diligence processes with
banks and private debt providers for the remaining amount.

The Company expects that the new financing package required to repay the bond
loan will have been established by the end of Q2 2023 and that the weighted
average interest rate for the new financing will be in the range between 300 and
330 basis points plus floating interest (3-month Nibor, 3-month Euribor, 3-month
Stibor or 3-month Danish Ibor).

For further information, please contact:
Kristoffer Holmen, CFO KMC Properties ASA, tel. +4792814862

About KMC Properties ASA
KMC Properties is an Oslo Børs-listed real estate company focusing on
industrial- and logistic properties. The company has a diversified portfolio of
properties in the Nordics and the Netherlands. The properties are strategically
located and have long lease agreements with solid tenants.

KMC Properties has an ambitious strategy to grow the portfolio through further
development of existing properties, as well as M&A initiatives.

Information in this announcement is considered to be inside information pursuant
to the EU Market Abuse Regulation (MAR) and is subject to the disclosure
requirements pursuant to MAR article 17 and Section 5-12 the Norwegian
Securities Trading Act. This announcement was published by Kristoffer Holmen of
KMC Properties ASA on 31 March 2023 at 07:00 CEST.

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