Changes to Solwers Plc’s Financing Agreement

Solwers Plc, Company release 19 May 2022 at 12.30

On 19 May 2022, Solwers Plc signed an agreement on expanding and amending the Financing Agreement signed in May 2021 with the company’s principal bank. A new EUR 15 million loan facility was added to the Financing Agreement, to be used for acquisitions in line with the company’s strategy. Loans under the acquisition facility can be withdrawn over a period of 2.5 years and the facility has an overall maturity of 5 years.

The amended Financing Agreement involves significantly reduced investment restrictions compared to the previous Financing Agreement. The collateral terms and the provisions concerning the determination of interest rates remain unchanged.

The amended Financing Agreement significantly contributes to the company’s ability to continue executing its strategy through acquisitions.

Solwers Plc

Board of Directors

For further information, please contact:

Roger Lindqvist, CFO, tel. +358 400 466 460

Certified Adviser:

UB Securities Oy, Ville Väisänen, CEO, tel. +358 40 588 5318

Distribution:

Nasdaq Helsinki Oy
Finnish Financial Supervisory Authority
Key media
www.solwers.fi

Solwers in brief

Solwers is a fast-growing group of companies creating unique and smart living environments. 

Solwers companies offer technical consulting, logistics consulting, electrical, automation and transmission engineering, architectural design, project management, environmental monitoring, financial management services and digital solutions through 23 operational companies in Finland and Sweden, employing approximately 600 specialists. The companies have a wide customer base of both public organisations and private builders, such as construction and real estate companies.