Artificial Solutions raises SEK 250 million in credit to refinance existing debt and support continued growth
Artificial Solutions International AB (“Artificial Solutions” or the “Company” and together with its subsidiaries the “Group”) has today signed a term sheet with a fund managed by Capital Four, one of the largest independent credit asset management companies in the Nordics with a total of EUR 15 billion in assets under management regarding a 5-year credit facility of SEK 250 million, carrying an interest margin of 9.5% and with PIK (payment in kind) interest, i.e. interest costs will be capitalized and will not result in any cash interest payments during the tenure. The proceeds will be