Duroc signs new bank facility
March 4, 2020Duroc has entered into a financing agreement with Danske Bank. The agreement includes a long-term banking facility totalling approximately SEK 400 million, of which approximately SEK 130 million relates to a bank loan with a five-year repayment plan and the remainder is an overdraft linked to a group-wide cash pool. As a result of the new loan agreement, Duroc AB repays a short-term loan of SEK 180 million, which was entered into to finance the acquisition of the Cotting Group in July 2019. At the same time, most of the Group's loans are centrally financed and cash