Scandic launches sustainability-linked long-term financing
Scandic has carried out a refinancing of the company’s credit facilities with a group of banks that will ensure robust, flexible and long-term financing adapted to the Group’s growth strategy and strong financial position. The credit facility amounts to 3,250 million SEK with the possibility to increase to 3,750 million SEK upon agreement with the lenders. The new agreement will come into effect on July 1, 2024 and will run for three years with the possibility to extend for an additional two years. The financing is linked to Scandic’s overall sustainability strategy and certain