Nyfosa secures €421m in new financing

Swedish property company Nyfosa has refinanced SEK 4.2 bn (€376 mln) of its interest-bearing liabilities, securing new credit facilities totalling SEK 4.7 bn (€421 mln) from three Nordic banks.

Carl-Johan Hugner

This strategic move addresses 20% of the Group's interest-bearing liabilities as of 30 September 2025. It extends Nyfosa’s average loan maturity and is expected to lower overall borrowing costs.
The refinancing specifically targeted secured credit facilities due in 2027 and 2028, replacing them with new facilities maturing in 2028, 2030, and 2031. The additional SEK 0.5 bn (€45 mln) in net liquidity generated will be allocated to the long-term financing of previously announced redemptions of hybrid and senior unsecured bonds. As a direct result of these transactions, the Group's average loan maturity has increased by 0.6 years compared to its position at the end of September.
Non-recurring costs associated with these refinancings are estimated at approximately SEK 16 mln (€1.4 mln). Throughout 2025, Nyfosa has refinanced a total of SEK 7.3 bn (€653 mln) across secured bank loans, senior unsecured bonds, and hybrid bonds – representing 34% of the Group’s interest-bearing liabilities at the start of the year.
Carl-Johan Hugner, CEO of Nyfosa, commented: “We are very pleased with the continued trust from our financiers, which enables Nyfosa to proactively manage a significant portion of the upcoming years’ loan maturities. Throughout the year, we have experienced a strong sentiment in the financing market and have worked continuously and actively with the debt portfolio through several refinancings of senior unsecured bonds, hybrid bonds, and bank loans. This contributes to reduced financial risk and improved conditions for profitable growth in the coming years.”
Nyfosa focuses on commercial properties in high-growth municipalities across Sweden and Finland. As of 30 September 2025, the company’s property value amounted to SEK 40 bn (€3.6 bn).