Bactiguard has received a commitment for a three-year credit facility of SEK 180 million from Skandinaviska Enskilda Banken (SEB), in the form of an overdraft facility of SEK 30 million and a term loan of SEK 150 million. The credit facility replaces current bank financing as well as a loan from the company’s main shareholders.
“For some time, we have been working actively to refinance Bactiguard at attractive terms. Therefore, we are pleased to announce that we have secured a three-year credit facility with our new house bank SEB, which replaces both current bank financing and the loan from our main shareholders,“ says Cecilia Edström, acting CFO.
The credit facility, with a term of three years, consists of an overdraft facility of SEK 30 million and a term loan of SEK 150 million. The facility thus replaces the bank loan of SEK 100 million, which expires December 31, 2017, the current overdraft facility of SEK 30 million and the loan from the company’s main shareholders of SEK 50 million, due on June 30, 2018. The new term loan of SEK 150 million will be amortized by SEK 35 million until maturity.
The credit facility is subject to customary covenants. Thus, the main shareholders’ guarantee commitments for Bactiguard’s financial obligations will end.
This information is information that Bactiguard Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below 2017-11-08, at. 08.00
For further information, please contact:
Cecilia Edström, acting CFO, cell phone: +46 72 226 23 28