Insider information: Financiers granted waiver to Themis Holding Oy subgroup of Wetteri Plc
Wetteri Plc Insider information 29 October 2024 at 17.30
In a financing agreement between Wetteri Group’s Themis Holding Oy subgroup and the financiers, there are covenants that measure the amount of interest-bearing net liabilities divided by 12-month EBITDA and the equity ratio.
On 13th August 2024, Wetteri announced that the covenant conditions under the financing agreement were not fully met on 30th June 2024. Wetteri has today received a notification from the financiers that they will not exercise their right to demand immediate repayment of their receivables, even though the covenant conditions were not fully met on 30th June 2024.
Additional information:
Aarne Simula, CEO and President, Wetteri Plc
Tel. +358 400 689 613, aarne.simula@wetteri.fi
Panu Kauppinen, CFO, Wetteri Plc
Tel. +358 44 236 3740, panu.kauppinen@wetteri.fi
Wetteri Plc – an entrepreneur-driven growth company in the automotive sector
Wetteri Plc is an entrepreneur-driven growth company in the automotive sector. The company engages in the retail sales of passenger cars, commercial vehicles and heavy vehicles, and produces maintenance and repair shop services for vehicles, from passenger cars to heavy vehicles. Headquartered in Oulu, the company has 50 locations in Finland. The company employs approximately 1,000 people, of whom around 76% work in maintenance and repair services. Wetteri promotes digitalisation in the automotive sector and is an important player on the common journey towards emission-free motoring. More information: sijoittajat.wetteri.fi/en/