Citycon secures €520m in new financing

Finnish mixed-use property owner, manager and developer Citycon has secured a new €520 million financing package to boost its liquidity. 

Urban hub - Citycon

This includes a €270 mln secured term loan with a three-year term and options for two one-year extensions, plus an additional €250 mln available through an accordion option for increased financial flexibility. 
Furthermore, Citycon has a non-binding offer from a leading European bank for an extra €215 mln in secured financing, expected to finalise in the second quarter of 2026.
Commenting on the transaction, Hilik Attias, CFO of Citycon, said: "The transaction we have just completed, together with the term sheet we have received, highlights not only the strength and quality of Citycon's asset base, but also our continued access to funding from leading global financial institutions. These transactions significantly enhance our financial flexibility, fully address our financing needs for the coming years, and are in full compliance with all our existing financial covenants."