Humble Group has expanded its existing credit facility agreement with a total of MSEK 300 and ensures the financing of the group's growth initiatives going forward
Humble Group AB (publ) (“Humble Group” or the “Company”) has entered into an amendment agreement, subject to customary conditions, with Nordea Bank Abp, filial i Sverige (“Nordea”), Skandinaviska Enskilda Banken AB (publ) (“SEB”) and AB Svensk Exportkredit (publ) (“SEK”) regarding an increase of its existing credit facilitates agreement. The amendment agreement entails a total increase of MSEK 300. After the increase, the total amount of the credit facilities agreement is MSEK 1,950, divided into four secured facilities. Under the credit facilities agreement, there remains the possibility to increase the loan amount by an additional MSEK 300.
“The increased financing is an important step in the Company’s continued growth journey and we are very pleased to see the increased confidence that Nordea, SEB and SEK are demonstrating to us by the increased loan financing. This demonstrates the Company’s financial strength and that we have delivered beyond expectations, compared to the plan set out last summer in connection with the refinancing of the bonds. With the increased credit facilities, we ensure the possibility to act on interest and value-creating growth initiatives in the future.” – Simon Petrén, CEO, Humble Group AB (publ).
The amendment agreement is an increase of the Company’s existing credit facilities agreement and includes the incorporation of a bridge term loan facility of MSEK 150 and the increase of an existing revolving credit facility of MSEK 150. The revolving credit facility commitments amounts to an MSEK 450 in aggregate after the increase.
Gernandt & Danielsson Advokatbyrå is acting as legal advisor in connection to the increase of the credit facilities agreement.
For more information, please contact:
Simon Petrén, CEO, Humble Group AB (publ)
E-mail: simon.petren@humblegroup.se
Telephone: +46 8 61 32 888
The information in this press release has been published by the above contact person, at the time specified by Humble Group’s news distributor Cision at the time of publication of this press release.
ABOUT HUMBLE
Humble Group is a Swedish FMCG group, which delivers next-generation consumer products that are better for people and the planet. Humble’s business consists of the business segments Future Snacking, Quality Nutrition, Sustainable Care and Nordic Distribution, which have a profile within health and sustainability. The company strives to drive organic and structural growth through acquisitions and by utilizing synergies between the business entities. For more information visit http://www.humblegroup.se