Reported 5 months ago
Swedish real estate group SBB has entered into a joint venture with U.S.-based Castlelake, marking their second partnership in three months to address SBB's debt issues. The agreement involves a 5.7 billion Swedish crown loan to acquire properties from SBB, refinance debt, and involve Atlas SP Partners as lenders. This initiative follows SBB's recent debt buyback at a 60% discount and reflects their strategy to improve financing conditions amid significant debt challenges.
Source: YAHOO