Kinland expands and diversifies its debt stack by entering into new financing arrangements with Edmond de Rothschild
Oslo/Helsinki, 21 April 2023
Kinland AS (“Kinland”), supported by PATRIZIA Infrastructure, is pleased to announce the successful closing of new senior institutional debt facilities from Edmond de Rothschild’s BRIDGE debt platform. A five-year term loan facility was drawn on 18 April 2023 in connection with the acquisition of a Finnish social infrastructure portfolio of 28 properties from eQ Community Properties Fund announced on 15 December 2022, as well as the refinancing of certain other previously acquired assets. Further committed undrawn debt has also been made available to support Kinland’s continued growth ambitions.
“Through our BRIDGE debt financing platform, Edmond de Rothschild is pleased to have been provided the opportunity to support Kinland’s social infrastructure mandate, and look forward to working with management on their further growth objectives.” says Audrey Colin West, Managing Director and Head of Transport & Social Infrastructure, Real Assets and Structured Finance at Edmond de Rothschild Asset Management (UK) Limited.
“The establishment of new financing from Edmond de Rothschild, a leading European infrastructure lender, at competitive terms is a welcome addition to Kinland’s debt financing mix and flexibility, and is testament to our Nordic social infrastructure credit case in the current market environment. Together with the wider Kinland team, we look forward to building upon the trust and support shown by our new debt financier as part of Kinland’s future growth endeavours.” says Teodor Coucheron-Gautier Teigen, CFO of Kinland.
Kinland was advised by Rothschild & Co. (financial debt) and Deloitte (legal).
Kinland
Kinland is a social infrastructure company providing high-quality properties for government-backed care services. The company owns 315 properties, providing a safe and quality environment needed for the care of more than 25,000 people across the Nordic region and continental Europe.
More recently, our properties have played an important role in developing the preschool and care sectors through improved capacity, quality, and cost-efficiency. We view social infrastructure properties as a cornerstone of the welfare system in the countries in which we operate, promoting work participation, gender equality, equal opportunities, and integration. Through our long-term institutional and pension capital owners, we aim to be a solid and reliable partner to our tenants and the end-users of our properties.
For more information
Teodor Coucheron-Gautier Teigen, CFO
Telephone: +47 92 40 97 42, e-mail: teodor.teigen@kinlandgroup.com
Benjamin Thorsen, CEO
Telephone: +47 480 16 142, e-mail: benjamin.thorsen@kinlandgroup.com
www.kinlandgroup.com