DDM Debt secures a Revolving Credit Facility of EUR 27 million, significantly lowering its cost of funding
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has entered into a super senior Revolving Credit Facility (“RCF”) of EUR 27 million with an international bank. The RCF facility is available for a period of up to two years and priced at three month Euribor plus a margin of 350bp.
The RCF facility will be used to finance acquisitions and for general corporate purposes. The RCF facility is permitted under the current senior secured bond frameworks (ISIN: SE0009548332 and ISIN: SE0010636746).
Henrik Wennerholm, CEO of DDM, comments: “Securing an RCF facility with an international bank is a significant step forward to lower the cost of funding, improve the flexibility of our financing and support our growth in the future.”
This is information which DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07:45 CET on 18 March 2019.
For more information, please visit DDM’s website at www.ddm-group.ch or 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: DDM) is a multinational investor in and manager of distressed assets. 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 3.5 billion.