NYAB has agreed on new financing facilities
NYAB Plc
INVESTOR NEWS
20 December 2022 at 09:45
NYAB has agreed on new financing facilities
NYAB has signed an agreement regarding a new financing arrangement. The agreement consists of a 165 million SEK (15 million EUR) term loan that has a maturity of four years, as well as a 165 million SEK (15 million EUR) overdraft limit. The financing arrangement includes certain covenants, such as equity ratio exceeding 50% and net debt per rolling 12 months EBITDA ratio not exceeding 2.0.
The financing arrangement replaces the 135 million SEK (12.3 million EUR) financing agreement that NYAB signed in April, and it will be used to repay other current financing arrangements as well. New financing arrangement enables the efficient execution of Group’s growth strategy.
Contacts
- Aku Väliaho, CFO, NYAB Oyj, +358 (0)40 559 2772,aku.valiaho@nyabgroup.com
About NYAB Oyj
NYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. NYAB is headquartered in Oulu and it has more than 300 employees at different locations in Finland and Sweden.
NYAB Plc's Certified Adviser is Augment Partners AB,info@augment.se, phone +46 8 604 22 55.