Ambea establishes a Commercial Paper Program
Ambea has established a Swedish Commercial Paper Program with a total value of SEK 2,000 million. The financing will mainly be used to reduce existing funding.
Ambea has established a Swedish Commercial Paper Program of SEK 2,000 million with two banks. DNB is the arranger and dealer and Danske Bank as a dealer. The certificate program will mainly be used to reduce the Group`s outstanding debt of SEK 2,500 million, a multicurrency revolving credit facility, established in connection with the IPO in 2017.
For more information, contact:
Louise Tjeder, Director IR and Strategy
Telephone: +46 731 43 17 68
Telephone: +46 10 33 00 501
Ambea is present within care services and has around 14,000 employees. Ambea offers services within disabled care, individual and family care and elderly care, with a focus on residential care and own management. We strive to be the quality leaders in all we do – and our vision is to make the world better, one person at a time. As of December 31, 2016, Ambea had approximately 6,200 beds and 1,300 school-/daily activity-placements in around 460 units across Sweden and Norway. Total sales and adjusted EBITA for the 2016 financial year amounted to SEK 5,409 million and SEK 456 million. The company was founded in 1996 and its head office is located in Solna, Sweden. Ambea is listed on Nasdaq Stockholm. www.ambea.com