Addnode Group has entered into an agreement to extend the existing credit facility by SEK 1,100 m to in total SEK 3,700 m with Nordea, SEB and AB Svensk Exportkredit (SEK). The credit facility can be utilised for refinancing of existing debt and general corporate purposes. The credit facility runs for 3 years with an extension option of 1 + 1 years.
Addnode Group has entered into an agreement to extend its existing credit facility that consists of term loans and a revolving overdraft facility. The term loans have been extended to SEK 1,700 m from SEK 1,000 m, and the revolving overdraft facility has been extended to SEK 2,000 m from SEK 1,600 m. The refinancing has been carried out on more favourable interest terms than previous terms. SEK has joined the existing banking group, which previously consisted of Nordea and SEB.
Addnode Group develops and provides solutions that contribute to a better society. Global trends such as digitalization, urbanization, AI, and sustainability create favourable business opportunities for us to, based on sound risk-taking, manage, acquire and develop companies that deliver digital solutions. The extended credit facility strengthens our capacity and capability to deliver in accordance with our strategy and financial targets,” says Johan Andersson, CEO and President, Addnode Group.
