Intrum adds SEB to its Revolving Credit Facility
Intrum has added Skandinaviska Enskilda Banken AB (SEB) to its existing Revolving Credit Facility at the same terms as existing lenders, thereby increasing its financial flexibility.
Intrum has added SEB as an additional banking partner to its existing revolving credit facility. SEB joins the current lending bank group of Nordea, DnB, Swedbank, Danske Bank and Nykredit on the same terms with a commitment of €275m. With the completion of this arrangement Intrum’s revolving credit facility is now €1,375bn.
– We welcome SEB as an additional lending bank to Intrum and we look forward to working with them. Our leverage commitment of 2.5x-3.5x remains firm, and bringing SEB on board increases our financial flexibility and demonstrates Intrum’s ability to continue attracting industry leading cost of funding, said Danko Maras, CFO of Intrum.
For further information, please contact:
Thomas Moss, Group Business Control & Investor Relations Director,
tel: +46 8 546 102 02
Louise Bergström, Head of Investor Relations tel: +46 8 546 103 42
Intrum is the industry-leading provider of Credit Management Services with a presence in 24 markets in Europe. Intrum helps companies prosper by offering solutions designed to improve cash flows and long-term profitability and by caring for their customers. To ensure that individuals and companies get the support they need to become free from debt is one important part of the company’s mission. Intrum has more than 9,000 dedicated and empathetic professionals who serve around 80,000 companies across Europe. In 2018, revenues amounted to SEK 13.4 billion. Intrum is headquartered in Stockholm, Sweden and the Intrum share is listed on the Nasdaq Stockholm exchange. For further information, please visit www.intrum.com.