KlaraBo has signed an agreement to refinance loans totaling just over SEK 1 billion with one of the Group’s existing banking partners, corresponding to nearly 20 percent of the total loan portfolio of SEK 5.4 billion. The new loan has a four-year term starting in the third quarter of this year, with an interest margin below the Group’s average margin. As a result, the average margin for the total loan portfolio will decrease from 1.43 percent to 1.39 percent. The refinancing will also increase the Group’s average debt maturity by approximately 0.8 years and would, all other things being equal, amount to 2.7 years, if the refinancing had been completed as of March 31. 
  
“This refinancing further reduces our credit margin while extending our debt maturity. With this agreement in place, the refinancing of the loans maturing in 2025 is now completed, and the next maturity will not occur until the second quarter of 2026. We see strong opportunities to continue growing under attractive financial conditions going forward”, says Per Holmqvist, CFO of KlaraBo.