Loomis signs a five-year credit facility of approximately EUR 265 million
Loomis AB has secured a five-year credit agreement amounting to approximately EUR 265 million. This agreement includes a syndicated revolving credit facility comprising USD 140 million, SEK 945 million, and EUR 55 million. The new facility replaces an older one due in June 2022 and will be utilized for working capital, investments, and general corporate purposes. The arrangement is led by prominent banks including Bank of America and Nordea Bank.
- New credit facility strengthens liquidity with EUR 265 million funding.
- Facility can be utilized for various corporate purposes, enhancing operational flexibility.
- None.
SOLNA, Sweden, July 8, 2021 /PRNewswire/ -- Loomis AB has signed a five-year credit agreement of approximately EUR 265 million. It is a syndicated revolving credit facility of USD 140 million, SEK 945 million and EUR 55 million. The facility will replace an existing revolving credit facility due in June 2022. The facility can be used for financing of working capital, investments and other general corporate purposes.
The lead arrangers are Bank of America, Le Crédit Lyonnais, Danske Bank and Nordea Bank.
July 8, 2021
CONTACT:
Kristian Ackeby
CFO
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Anders Haker
Chief Investor Relations Officer
Mobile: +1 281 795 8580
Email: anders.haker@loomis.com
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SOURCE Loomis AB
FAQ
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