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SBB: Another New JV

REAL ESTATE

{SW} SBB I Norden (SBBBSS: CCC neg / CCC+*-): New JV with Castlelake


  • A new JV called SBB Social Facilities is being established between SBB asset manager Castlelake (supported with finance from Atlas SP Partners)
  • SBB Social Facilities will use SEK 5.7b financing to acquire SEK 9.5b in assets from SBB and to refi certain debt.
  • This is the second JV with Castlelake. SBB Infrastructure was signed in February.
  • SBBBSS 1.125 29 were unchanged on the news at around 62.75 cash.

{https://corporate.sbbnorden.se/en/sbb-establishes-...}

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