Intrum Justitia has renegotiated the Group’s bank financing. The main changes
are summarized below:
· Previous bank loans, consisting of one facility of SEK 4 billion and one
facility of SEK 1 billion, is now combined to one facility of SEK 5 billion. The
new bank loan, similarly to the previous loans, is a revolving credit facility
with Swedbank and Nordea, on market terms with regard to borrowing costs and in
other regards on similar terms as the previous loans.
· The maturity structure has been changed. The previous loans matured by SEK 2
billion in 2015, SEK 2 billion in 2016 and SEK 1 billion in 2017. For the new
loan, SEK 2 billion matures in 2017, SEK 2 billion in 2018 and SEK 1 billion in
2019.
· The previous loan facilities entailed a limit on the long-term loan
financing Intrum Justitia could raise of SEK 8 billion. The new loan agreement
allows the Group to raise long-term financing of up to SEK 10 billion.
Consequently, Intrum Justitia’s total long-term loan financing consists of
confirmed loan facilities from banks of SEK 5 billion and bond loans of SEK 3
billion within the framework of an MTN program of up to SEK 5 billion. The Group
also has a commercial paper program for short-term financing of up to SEK 1.5
billion.
For further information, please contact:
Erik Forsberg, CFO
Tel: 46 8 546 102 00
Intrum Justitia is Europe’s leading Credit Management Services (CMS) group,
offering comprehensive services, including purchase of receivables, designed to
measurably improve clients’ cash flows and long-term profitability. Founded in
1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated
revenues amounted to about SEK 4.6 billion in 2013. Intrum Justitia AB is listed
on NASDAQ OMX Stockholm since 2002. For further information, please visit
www.intrum.com
