CLX Communications AB (publ): CLX Communications AB announces revised financial leverage policy
Stockholm, Sweden - CLX Communications AB (publ) - XSTO: CLX The Board of CLX Communications AB (publ) today announces a change to the company's financial leverage policy. The new policy is as follows: · CLX's target is that net debt over time shall be below 2.5 times adjusted EBITDA (measured on a rolling twelve month basis). The phrase 'over time' means that leverage may temporarily exceed the targeted level in the near term following an acquisition. Before today's announcement, the policy was that net debt over time should be below two times adjusted EBITDA (measured on