Sweden's SBB forms a second joint venture with Castlelake, receiving a 5.7B SEK loan to acquire properties, refinance debt, and manage a 9.5B SEK portfolio.

Sweden's SBB forms a second joint venture with Castlelake, a US-based private credit firm, to tackle its debt. The joint venture will receive a loan of 5.7 billion Swedish crowns ($534.36 million) to acquire properties from SBB, refinance its debt, and manage a portfolio worth 9.5 billion Swedish Crowns. SBB and Castlelake signed a similar deal in February for a joint venture to receive a loan of 5.2 billion Swedish crowns.