Extension of loan facility SEK 3 550 million

Monday, 25. October 2010 15:17
Northern Logistic Property ASA ("NLP" or "the Company") has exercised its option
to extend its loan facility of SEK 3,55 Bn (originally SEK 3,625 million) with
Deutsche Pfandbriefbank (former Hypo Real Estate Bank) according to the loan
agreement. The loan originally had a final maturity date of September 2011 which
is now extended to September 2013. The fee for the extension is 0.1% of the
outstanding loan, or approximately SEK 3.5 million. The margin for the loan is
STIBOR + 100 bp both before and during the extension period.

Per Kumle, the Chairman of NLP, says in a comment: "NLP has extended its major
loan with two years until 2013 according to the loan agreement as it is seen to
have attractive terms for the company."


For further information, contact
Per Kumle, Chairman of the Board, Northern Logistic Property ASA,
tel: +47 91 80 39 63, e-mail: per.kumle@nlpasa.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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Source: Northern Logistic Property ASA via Thomson Reuters ONE
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Hugin
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