Intrum extends and increases its Revolving Credit Facility
Intrum has extended the maturity of the Revolving Credit Facility (RCF) with five plus one year and increased the amount from EUR 1.375bn to EUR 1.8bn. The new facility will cater for Intrum’s long-term growth ambition and assures an appropriate liquidity buffer and Intrum’s underwriting capabilities going forward. The new facility will start in January 2020.
- Intrum has increased the number of participating banks with eight new international lenders and also secured improved terms to further match our capital structure ambition. We welcome the additional lending banks to Intrum and we look forward to working with them, said Anders Engdahl, CFO of Intrum.
In addition, Intrum has completed a Backstop Facility of SEK 2bn to cover Intrum’s Commercial Paper Program. The facility has a maturity of one year containing two extension options of one year each and is provided by Intrum’s Nordic banking partners.
For further information, please contact:
Emil Folkesson, Group Treasury Director
+46 8 546 102 02
emil.folkesson@intrum.com
Viktor Lindeberg, Head of Investor Relations
+46 8 546 102 02/+46 76 897 0708
viktor.lindeberg@intrum.com
This information was submitted for publication, through the agency of the contact person set out above, at 20.45 CET on 2019-12-06.
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 circa 10,000 dedicated 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.
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