DDM Debt renews its Revolving Credit Facility of EUR 27m
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) ("DDM Debt"), announces that it has renewed its super senior revolving credit facility (“RCF”) of EUR 27 million with an international bank for a further two years until March 2023, subject to certain conditions precedent. The terms are materially in line with the previous RCF which was due to mature on 15 March 2021.
The RCF is available to be used to finance acquisitions and for general corporate purposes.
Fredrik Olsson, CFO of DDM, comments: “Renewing our existing RCF puts us in a strong position ahead of refinancing our senior secured bonds and provides us with the flexibility to capitalize on our pipeline of investment opportunities.”
This is information which DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out below, at 15.30 CET on 5 February 2021.
For more information, please contact:
Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North Growth Market: DDM) is a specialized multinational investor and manager of non-performing loans and special situations. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 4 billion.