Basware signs new term loan financing totaling EUR 30 million

Basware Corporation, stock exchange release, September 18, 2017 at 9.30am

Basware signs new term loan financing totaling EUR 30 million

Basware has signed new term loan financing totaling EUR 30 million. The maturity of the facility is split with EUR 10 million maturing in September 2019 and EUR 20 million maturing in September 2020.

The use of proceeds of both facilities is for general working capital purposes of the company and refinancing. EUR 20 million of current borrowings will be refinanced with the new facilities.

The loan facilities extend Basware’s debt maturity profile, increase the company’s liquidity position and further support Basware’s cloud growth strategy.

  
For more information, please contact:

Ben Selby, VP Investor Relations and Treasury, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

Distribution:
Nasdaq Helsinki
Main media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at http://investors.basware.com/en.

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