May 28, 2024 12:50 GMT
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.
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