Ferronordic renews and expands credit facility with Nordea Bank
Ferronordic and Nordea Bank have agreed on a 3-year EUR 70m credit facilityFerronordic and Nordea Bank have agreed on a credit facility, consisting of a EUR 40m revolving credit facility and a EUR 30m term loan. The facilities are running for three years. The purpose of the facility is partly to finance the group’s working capital, and partly to finance the group’s continued investments in Germany. The facility is also used to refinance the loan that was drawn from Nordea Bank in connection with Ferronordic’s establishment in Germany in December 2019. Ferronordic’s CEO, Lars