Ambea extend the Revolving Credit Facility
Ambea has completed an extension of the Group's Revolving Credit Facility Agreement of SEK 500 million to a total of SEK 3,000 million. The agreement runs for 3 years with the possibility of 1 year extension, a total of 4 years.
In connection with the IPO during spring 2017 Ambea signed a three year Revolving Credit Facility Agreement of 2,500 MSEK with option to extend the agreement 1+1 year, total 5 years. In January 2018 Ambea utilized the first extension option with an extension of the agreement of 1 year. As of 9 May the participating banks has agreed to increase the facility with 500 MSEK, total 3,000 MSEK. The participating banks has also agreed to let Nordea Bank accede the agreement on same terms and conditions as the other banks. All terms and conditions remains unchanged. The increased facility is primarily intended to be used for acquisitions as well as expansion within own management segment.
For more information, contact:
Louise Tjeder, Director IR and Strategy
Telephone: +46 731 43 17 68
Ambea press contact
Telephone: +46 10 33 00 501
Ambea, is present in care services, and has approximately 15,000 employees. We offer services in disabled care, individual and family care, and elderly care with a focus on residential care and own management. We aim to be the quality leader in all that we do and our vision is to make the world a better place, one person at a time. Total revenue and adjusted EBITA for the 2017 financial year amounted to SEK 5,816 million and SEK 498 million. The company was founded in 1996 and its head office is located in Solna, Sweden. Ambea is listed on Nasdaq Stockholm.