Extension to Relais Group Plc’s senior term and multicurrency revolving facilities agreement
Relais Group Plc
Stock Exchange Release 30 April 2024 at 2:00 p.m. EEST
Relais Group Plc has agreed with its main bank on the extension of its senior term and multicurrency revolving facilities agreement originally concluded in 2019 and previously amended in February 2023. The maturity of the facilities agreement has been extended by one year until 31 May 2026. The previous maturity date of the facilities was 31 May 2025.
The key terms of the amended agreement remain mainly unchanged.
According to the new amended agreement the maximum financial exposure remains unchanged at EUR 126.7 million consisting of EUR 107.2 million in acquisition financing, EUR 12.5 million in uncommitted senior facilities and a Revolving Credit Facility (RCF) of EUR 7.0 million.
According to the previous, in February 2023 amended financing agreement, the maximum financial exposure was EUR 126.9 million consisting of EUR 104.4 million in acquisition financing, EUR 15.5 million in uncommitted senior facilities and a Revolving Credit Facility (RCF) of EUR 7.0 million.
Relais Group Plc
Board of Directors
Further information:
Arni Ekholm, CEO
Phone: +358 40 760 3323
E-mail: arni.ekholm@relais.fi
Relais Group
Relais Group is a 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 2023 was EUR 284.3 (2022: 260.7) million. During 2023, we completed a total of four acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.