Hudya increases its credit lines by an additional MSEK 35

As stated in the IPO prospectus, Scandinavian Credit Fund I AB (”SCFI”) has granted a credit line of MSEK 15 to Hudya AB. This credit line is now extended by MSEK 35 to increase the ability for Hudya to continue the business in the best possible way, also during the hurdles created by the Covid-19 situation.As for most other listed companies, also Hudya has initially had a very negative development of its stock value due to the Covid-19 situation. To mitigate the risk level, Hudya has granted SCFI 10 million warrants in Hudya with strike price of SEK 2,50. With this tool SCFI becomes a