Samhällsbyggnadsbolaget i Norden AB (publ) has agreed to enter into a joint venture, SBB Infrastructure AB ("SBB Infrastructure"), together with funds managed by global alternative investment manager Castlelake, LP ("Castlelake"). In connection with the establishment of the joint venture, SBB Infrastructure has entered into a loan agreement with Castlelake, supported by Atlas SP Partners ("Atlas"), for approximately SEK 5.2 billion. SBB Infrastructure will use a part of the loan proceeds to acquire properties from SBB and a part to refinance debt to SBB (the "Transaction").

SBB Infrastructure acquires the properties at the market value as of 31 December 2023, amounting to SEK 5.7 billion. SBB Infrastructure will receive collateral from SBB in form of properties valued at SEK 3.7 billion as additional collateral to provide security for the loan, making the total pool of collateral used for the loan SEK 9.4 billion. The community portfolio will be operated and managed by SBB Infrastructure through a management agreement with SBB.

SBB will use the proceeds from the Transaction to strengthen its financial position and amortise debt.