Attendo has entered into a new financing agreement
The agreement on a new long-term credit facility announced in connection with the quarterly report for the third quarter has now been finalized. The new agreement replaces existing credit facilities that were entered into in connection with the IPO in 2015.
The new loan agreement comes into force on November 29, 2019, and is divided into two long-term loans of SEK 1,250 million and EUR 125 million, as well as a revolving credit facility of SEK 1,800 million. The loan agreement has a maturity of three years with the possibility of an extension of up to two years.
The new loan agreement contains customary financial commitments, including that Attendo will fulfil certain financial ratios (covenants). These covenants give Attendo greater flexibility compared to previous ones. Other terms are similar to the existing agreement.
In connection with the new loan agreement, the loans that are included under the existing loan agreement will be repaid. The repayment is financed by loans under the new loan agreement, which means that the result in the fourth quarter of 2019 will be charged with a one-off cost of approximately SEK 10 million.
Commitments under the loan agreement are divided equally between Scandinavian Enskilda Banken AB (publ), Danske Bank A / S and Nordea Bank Plc.
Attendo AB (publ)
For further information, please contact:
Andreas Koch, Communications and IR-Director Attendo
Phone: +46 705 09 77 61
E-mail: andreas.koch@attendo.com
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Attendo - the leading care company in the Nordics
Attendo is the leading private provider of publicly financed care services in the Nordic region. The company was founded in 1985 and was first to provide outsourced care for older people in Sweden. In addition to care for older people, Attendo provides care for people with disabilities and social care for individuals and families. Attendo has around 24,000 employees and is locally anchored with close to 700 operations in more than 200 municipalities in Sweden, Finland, Norway and Denmark. www.attendo.com