ITAB has renegotiated terms of its credit facilities and intends to enter into short-term shareholders’ loans subject to general meeting approval
ITAB Shop Concept AB (publ) has renegotiated terms of its EUR 200,000,000 credit facility with Nordea and its approx. EUR 28,000,000 loan agreement with Svensk Exportkredit.Under the Nordea facility, the parties have agreed to realign the debt structure into a long-term facility of EUR 100,000,000 and short-term facility of EUR 75,000,000. The total credit facility will hereafter be EUR 175,000,000. The available credit for ITAB under the facility from Svensk Exportkredit remains unchanged. ITAB will be subject to interim financial covenants under both the Nordea and the Svensk