KMC Properties ASA has a NOK 1 850 million senior secured bond loan with maturity on 11 December 2023. On 31 March 2023, the company announced that it had received committed offers from banks of NOK 315 million. KMC Properties announced that it has received committed offers from banks for an additional NOK 750 million, reaching approximately NOK 1,065 million in committed financing.

The company continues to be in active dialogues and due diligence processes with banks and private debt providers for the remaining amount. KMC Properties expects the new financing package required to repay the bond loan to be established by the end of the second quarter of 2023 and that the refinancing will be completed by the end of the third quarter this year. The estimated weighted average interest rate for the new financing is in the range between 300 and 330 basis points plus floating interest (3-month Nibor, 3-month Euribor, 3-month Stibor or 3-month Danish Ibor), as previously communicated.