Stillfront has signed an unsecured revolving credit facility of SEK 3.75 bn with maturity in December 2023. The new credit facility gives Stillfront a cost-effective financing, an increased financial flexibility, and a prolonged time to maturity.
“We are pleased to have secured a new credit facility at favorable terms. The new facility underlines the trust in our strategy and provides us with a larger and more flexible financing platform to continue to deliver on our future growth agenda”, says Andreas Uddman, CFO.
The new revolving credit facility will replace the secured revolving credit facility of SEK 1.6 bn provided under the facilities agreement from January 2020.
The facility is supported by DNB Bank ASA, Sweden Branch; Nordea Bank Abp, filial i Sverige; and Swedbank AB (publ). Mannheimer Swartling has acted as legal advisor to Stillfront.