Axactor increases existing loan facilities
Oslo 8 May 2017 - On May 5, 2017 the 4th tranche under the
Recurring Credit Facility which Axactor has with DNB
Bank ASA and Nordea Bank AS was made available to the company.
Simultaneously the tranche was increased to EUR 45 million thereby
increasing the available amount under the facility from EUR 100
million to EUR 120 million.
Furthermore NPL credit lines from regional banks in Italy have been
increased to a total of EUR 55 million, and increase of EUR 25
million since the acquisition of CS Union.
For additional information, please contact:
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +4747710451
Email: geir.johansen@axactor.com www.axactor.com
About AXACTOR-
AAxactor Group specializes in both Debt Collection and Debt
Purchasing across several countries, with operations in Spain,
Italy, Germany, Norway and Sweden. The company has a Nordic base and
an ambitious Pan-European growth strategy, which targets the market
for non-performing loans (NPL) in Europe. This market is estimated
to be about 1,500 billion euros across Europe providing significant
opportunities for Axactor's future expansion. After the latest
acquisition of Profact AB in Sweden, Axactor has approximately 885
employees.