Intrum AB (publ) has signed a 2 year senior secured term loan facility with an international bank. The facility can be drawn up to EUR 100 million with a rate of interest of 450 basis points over EURIBOR for the relevant interest period.
“I’m pleased to have signed this facility which is a further testament to our strong bank partnerships. While attractively priced and incremental to our liquidity, the facility is also very much evidence of our ability to tactically manage our liabilities as we execute our strategy to de-lever and de-risk the balance sheet and start moving towards becoming capital light as announced at our recent Capital Markets Day”, says Michael Ladurner, Chief Financial Officer of Intrum.
Net proceeds will be applied towards general corporate purposes, including refinancing of existing debt.
For further information, please contact:
Emil Folkesson, CFO Office and Investor Relations Director
ir@intrum.com
This information was submitted for publication, through the agency of the contact person set out above, on 13 November 2023 at 09:15 CET.