PRESS RELEASE, 19/7 2024 Scandi Standard reaches an agreement with four banks to enter into a sustainability-linked bank loan with a tenor of five years
Scandi Standard has reached an agreement with a syndicate of banks on the main terms and conditions for a new sustainability-linked bank loan in an amount of approximately SEK 3,200 million. The bank loan is conditional upon entering into a binding facilities agreement. The purpose of the bank loan is to, inter alia, refinance 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 bank loan will comprise a SEK 1,000 million multicurrency term loan facility, a SEK 1,100