STOCKHOLM, Jan. 19, 2023 /PRNewswire/ — Securitas has entered into a four-year loan agreement of MEUR 1 100 with nine of its banks, with the option for the parties to add an additional year.
The proceeds will be used to refinance a large portion of the MUSD 2,315 bridge building associated with the acquisition of STANLEY Security which closed on July 22, 2022.
“By entering into the long-term loan agreement we are securing a large portion of the wooden building that remains after the transaction of STANLEY with long-term debt at reasonable times. .The refinancing of the rest of the wooden building is going according to plan”, he said Andreas LindbackCFO of Defense.
The banks participating in the loan are Danske Bank and SEB as Bookrunners and Mandated Lead Arrangers, along with Bank of America, BBVA, Crédit Industriel et Commercial (CIC), Commerzbank, ING, KBC and UniCredit Bank Austria to be Mandated Lead Arrangers.
Investors: Micaela Sjökvist, Vice President, Investor Relations; +46 76 116 7443, email@example.com
This is information that Securitas AB must make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person described above, at 20.00 (CET) at January 18, 2023.
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See earlier:https://www.prnewswire.co.uk/news-releases/securitas-enters-into-a-41-year-term-loan-agreement-refinancing-a-major-part-of-the-existing-acquisition- bridge-facility-301725419.html