Key objective
The key objective of Steen & Strøm’s financing policy is to ensure that the Group always has the financial resources needed to fund its development.
Accordingly, Steen & Strøm strives to maintain a balanced financial structure that is framed by the following ratios:
| 06/30/2014 | Contractual limit | |
|---|---|---|
| Loan to Value | 52 % | < or = 60% |
| EBITDA/Net interest expenses | 2.8 | > or = 2.0 |
Steen & Strøm also diversifies its sources of financing using:
- bank lending in various formats (syndicated, bilateral loans, etc.)
- the bond market
- commercial paper to meet short-term financing needs.
Contacts:
Bjørn Tjaum
Chief Investment Officer
bjorn.tjaum@steenstrom.com
tel+47 23 21 35 39
