Correction: Scandi Standard reaches an agreement with its four relationship banks to refinance existing bank financing through a new sustainability-linked bank loan with a tenor of five years
Scandi Standard has reached an agreement with its syndicate of banks on the main terms and conditions for a refinancing of the company's existing bank financing through a new sustainability-linked bank loan in an amount of approximately EUR 450 million. The bank loan is conditional upon entering into a binding facilities agreement.The purpose of the refinancing is to, inter alia, replace the group's existing bank financing and secure a robust, flexible and long-term financing tailored to match the group's ambitions for organic and strategic growth. The new bank loan will comprise a EUR 100