DDM successfully secures a revolving credit facility of EUR 17 million, continuing to lower its cost of funding
DDM Holding AG (First North: DDM) announces that it has successfully entered into a super senior revolving credit facility of EUR 17 million with a Swedish bank, in order to improve the DDM group’s financial position. The revolving credit facility will be used to finance acquisitions and for general corporate purposes and is another step in continuing to lower its cost of funding. The facility is for an initial six month term, with the possibility to be extended for a further six months. The revolving credit facility is permitted under the current EUR 85 million senior secured bond