Indutrade extends existing Commercial Paper Programme
Indutrade extends the upper limit of its Commercial Paper Programme from SEK 2 billion to SEK 3 billion.
The Commercial Paper Programme was established in 2014 and diversifies Indutrade’s funding base by enable borrowing from the capital market to supplement bank loans.
Lead bank of the programme is Handelsbanken and Emission Institutes are SEB, Nordea and Handelsbanken.
Stockholm, 26 February 2020
INDUTRADE AB (publ)
For further information, please contact:
Patrik Johnson, CFO
Phone +46 8 703 03 00
Indutrade markets and sells components, systems and services with a high-tech content within selected niches. Indutrade’s business is distinguished by
- High-tech products for recurring needs
- Growth through a structured and tried-and tested acquisition strategy
- A decentralised organisation characterised by an entrepreneurial spirit
The Group is organised into eight Business Areas: Benelux, DACH, Finland, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology and UK. Indutrade’s sales totalled SEK 18,411 million in 2019, generating an operating profit of SEK 2,330 million before amortisation of intangible assets. Indutrade is listed on Nasdaq Stockholm. Please read more at www.indutrade.com