Securitas signs new revolving credit facility agreement and a new loan agreement
Securitas (OTC:SCTBY) has announced the signing of two significant financing agreements.
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Rhea-AI Summary
Securitas (OTC:SCTBY) has announced the signing of two significant financing agreements. The company has secured a MEUR 1,100 multi-currency revolving credit facility consisting of two tranches: a MEUR 900 tranche maturing in 2030 and a MEUR 200 tranche maturing in 2028, with options to extend each by up to two years. This new facility replaces their existing MEUR 1,029 facility from April 2020.
Additionally, Securitas has signed a MUSD 190 loan agreement with Nordic Investment Bank, maturing in 2032. The purpose of these financing arrangements is to refinance existing debt and support the company's strategy and investments in digitalization and artificial intelligence.
Positive
- New revolving credit facility of MEUR 1,100 provides enhanced financial flexibility
- Extension options of up to two years available for both tranches of the revolving credit facility
- Long-term MUSD 190 loan secured until 2032 supporting digital transformation initiatives
Negative
- Increased debt obligations with new credit facilities
Details
News Market Reaction – SCTBY
The recorded move for SCTBY in the trading session of this news was +1.99%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
The new revolving credit facility consists of two tranches: one MEUR 900 tranche maturing 2030 and one MEUR 200 tranche maturing 2028. Each tranche may be extended by up to two years. The new facility replaces the existing MEUR 1 029 revolving credit facility originally signed April 2020.
Coordinating Mandated Lead Arrangers and bookrunners are Bank of America, Danske Bank and SEB.
Mandated Lead Arrangers and Bookrunners are Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas, Citibank, N.A.,
Concurrently, Securitas has signed a MUSD 190 loan agreement with Nordic Investment Bank maturing in 2032. The purpose of the facility is to refinance existing debt and consequently support Securitas continued strategy and investments in digitalization and artificial intelligence.
Further information:
Investors: Micaela Sjökvist, Vice President, Investor Relations,
+46 76 116 7443, micaela.sjokvist@securitas.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Public/1062/4172105/866c5b2c3e769326.pdf | RCF and NIM Eng Final 250630 1630 |
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