Peab has entered agreements for new credit facilities totaling SEK 7.4 billion
Peab has entered agreements for new credit facilities divided into two contracts. One is a three year credit facility for a total of SEK 7.0 billion and the other is an 18 month credit facility of SEK 400 million.
The credit facility for SEK 7.0 billion runs until June 15, 2026 with the possibility of an extension for one plus one year. Four banks participate in the transaction: Nordea, Swedbank, SEB and Handelsbanken. The transaction is coordinated by Nordea.
Peab has also entered an agreement for a bilateral credit facility with Nordea for SEK 400 million. The contract runs for 18 months and matures on December 15, 2024 with the possibility of an extension for another year.
The credit agreements refinance the company’s existing credit facility and are prepared for sustainability linking. The loan contracts make up Peab’s long-term financing foundation and are complemented by capital market financing, other types of short-term financing and project-related credit.
“We’re glad to have these credit agreements that contribute to maintaining our stable financial platform for the coming years and help us to work further in line with our Nordic local community building,” says Jesper Göransson, CEO of Peab.
For further information, please contact:
Niclas Winkvist, CFO Peab, +46 73 384 75 00
Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45
Peab is the Nordic Community Builder with 15,000 employees and net sales of SEK 63 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it’s lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.
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