Changes and extensions to Relais Group Plc’s Facilities Agreement
Relais Group Plc, Company Release 30 March 2022 at 14.30 EET
Relais Group Plc has agreed on extensions and amendments of its Facilities Agreement originally concluded in 2019 and first amended in 2020 with its main bank. The Amended and Restated Facilities Agreement includes a new committed term loan facility of EUR 7 million and uncommitted term loan facility of EUR 25 million for possible future corporate acquisitions. At the same time, the Amended and Restated Facilities Agreement has been extended by one year until the end of May 2024.
The maximum amount of financial liabilities under the Amended and Restated Facilities Agreement is EUR 133.7 million, comprising of financing for corporate acquisitions of a maximum of EUR 101.7 million, an uncommitted term loan facility of EUR 25 million and an RCF limit of EUR 7 million. At the time of the publication of the release, the unutilized amount of financing is EUR 7 million of the loan facility for corporate acquisitions, EUR 25 million of the uncommitted term loan facility and EUR 4.8 million of the RCF limit.
Other terms of the Amended and Restated Facilities Agreement remain mainly unchanged.
“The extended financing package supports us excellently in implementing our growth strategy. Corporate acquisitions, along with organic growth, are a central part of our strategy and we wish to ensure that we can remain an active player in the consolidation of the vehicle aftermarket in our area of operation even in the future”, says Arni Ekholm, CEO of Relais Group.
Relais Group Plc
Board of Directors
Further information:
Relais Group, CEO Arni Ekholm
Tel. +358 40 760 3323
Email: arni.ekholm@relais.fi
Certified advisor:
Evli Bank Plc
Tel. +358 40 579 6210
Distribution:
Nasdaq Helsinki
Key media
www.relais.fi
Relais Group
Relais Group is the leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2021 was EUR 237.9 (2020: 128.9) million. During 2021, we completed a total of six acquisitions. Following the acquisitions, we employ approximately 950 professionals in six different countries. Our share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.