Loomis signs SEK 1,200 million 2-year term loan
Loomis AB has signed a SEK 1,200 million 2-year term loan credit facility. The facility matures in April 2022. The arrangers are Danske Bank A/S and Nordea Bank Abp. The facility will be used for financing of working capital, capital expenditures and other general corporate purposes.
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Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, retailers and other companies. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2019 of SEK 21.0 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.