Dustin extends existing credit facility until October 2025
Dustin today announces that the company has extended its existing sustainability-linked long-term credit facility for a total of approximately SEK 5.4 billion by one year. The new agreement runs until October 2025 and includes certain restrictions related to dividends if the debt ratio exceeds 3.5 times.
The sustainability-linked credit facility agreement for a total of approximately SEK 5.4 billion, consisting of a long-term loan facility of EUR 250 million and a Revolving Credit Facility of approximately SEK 2.5 billion, has been extended until October 2025 with the existing banking group consisting of Handelsbanken, Nordea and Swedbank with Swedbank as loan and sustainability coordinator. The loan agreement constitutes Dustin's long-term funding.
In connection with the extension of the credit facility agreement, restrictions have been agreed between the parties. It stipulates that dividends to shareholders are not permitted if the debt ratio, measured as net debt/adjusted EBITDA, exceeds 3.5 times before and after dividends.
- It is pleasing to have completed the agreement on extended bank financing in good time. The credit agreement gives us a stable financial platform for the next few years. Long-term banking relationships have always been an important part of our continuous development, says Johan Karlsson, President and CEO of Dustin.
For additional information, please contact:
Fredrik Sätterström, Head of Investor Relations: fredrik.satterstrom@dustin.com +46 705 10 10 22
Contact person:
Eva Ernfors, Head of Communication eva.ernfors@dustin.se, +46 70 258 62 94
This information is information that Dustin Group AB (publ) 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 above, at 17:30 CET on June 26, 2023.
About Dustin
Dustin is a leading online based IT partner in the Nordics and the Benelux. We help our customers to stay in the forefront by providing them with the right IT solution for their needs.
We offer approximately 280,000 products with related services to companies, the public sector and private individuals. Sales for the financial year 2021/22 amounted to approximately SEK 23.6 billion and more than 90 per cent of the revenues came from the corporate market.
Dustin has approximately 2,500 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.