April 25, 2018 / 1:05 PM / 3 months ago

BRIEF-Castellum Revises Its Financial Policy

April 25 (Reuters) - CASTELLUM AB:

* CASTELLUM REVISES ITS FINANCIAL POLICY - LOAN-TO-VALUE RATIO REDUCED TO MAX. 50%

* DECREASES NET LOAN-TO-VALUE RATIO: NOT TO EXCEED 50% ON A SUSTAINED BASIS - FROM CURRENT LEVEL OF 55%.

* CURRENT RESTRICTIONS LIMITING SHARE OF CAPITAL-MARKET FINANCING TO A MAXIMUM 75% OF OUTSTANDING INTEREST-BEARING LIABILITIES WILL BE DISCONTINUED

* WILL INTRODUCE A NEW RESTRICTION CONCERNING SECURED FINANCING

* OBJECTIVE IS TO LIMIT RATIO OF OUTSTANDING COMMERCIAL PAPERS AND SECURED LOANS TO A MAXIMUM OF 25%

* CASTELLUM FINANCING OBJECTIVES AND RESTRICTIONS REMAIN UNCHANGED. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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