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GC Asia
Ekspress Grupp refis through Nordic banks
Estonian media firm Ekspress Grupp refinanced €29.3m of loans and leasing liabilities on Tuesday through a syndicated facility from SEB and Nordea.
The loan refinances the remaining debt of a €43.1m acquisition finance facility signed in August 2007 from Danske, Nordea and SEB. The deal was priced with a margin of 375bp in February 2010 after amendments to the loan’s repayment schedule were agreed. The margin was lowered to 350bp
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