Today, as a step in safeguarding the company’s long-term loan financing, SSM Holding AB (publ) signed a two-year 114 MSEK loan agreement to refinance all of the company’s real estate loans. SSM already has a conditional agreement in place with the majority of the company’s bondholders to extend the company’s bond, which matures in May 2020. Costs for work to refinance the company’s real estate loans and bond will be expensed in the fourth quarter 2019 as a non-recurring item of approximately 14 MSEK.

SSM Holding AB (publ) has sold its share in the Bromma Square housing project, which includes 355 planned cooperative apartments, to joint venture partner Profi Fastigheter. The sale is the result of the evaluation of the project that was initiated in the third quarter 2019. The transaction will have a marginal impact on SSM’s results and the proceeds from the sale will have a positive impact on cash flow by 42.9 MSEK during the first quarter 2020.

The Nomination Committee of SSM Holding AB (publ) is made up of the company’s three largest shareholders a...

SSM Holding AB (publ) has reached an agreement with a majority of SSM’s bondholders regarding the company’s outstanding bonds of 400.0 MSEK. Pursuant to the agreement, the maturity date of the bonds will be extended to 2022, i.e. for two years, and the interest rate will remain unchanged. Furthermore, SSM has committed to repay 100.0 MSEK no later than May 2020 and thereafter repay an amount not less than 75.0 MSEK semi-annually. In addition, the company will not pay any dividends until the bonds have been repaid in full. SSM intends to initiate a written procedure to amend the bond terms Q1 2020. The agreement is conditional upon a capital contribution of 100.0 MSEK from a share issue or other means.