Press release
27 March 2019, 13:00
Sdiptech AB (publ) signs agreement on bank financing of SEK 800 million
Sdiptech has signed an agreement with Nordea for bank financing totaling SEK 800 million.
The bank financing consists of a so-called revolving credit facility (RCF) of SEK 800 million and an agreement on a so-called cash pool for efficient cash management within the Group and its subsidiaries. These central agreements replace current scattered credit agreements totaling approximately SEK 480 million (per 181231).
The new bank financing runs for three years, with the possibility of a total of two years extension and strengthens Sdiptech’s maneuverability of continued acquisitions and growth.
"We are pleased to have reached this agreement, which contributes to Sdiptech being able to achieve set financial growth goals", says Bengt Lejdström, CFO.
For additional information, please contact:
Bengt Lejdström, CFO, +46 702 74 22 00, bengt.lejdstrom@sdiptech.com ,
Sdiptech's common share of series B share is traded under the short name SDIP B with ISIN code SE0003756758. Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank, +468-463 83 00, certifiedadviser@penser.se. Further information is available on the company's website: www.sdiptech.com
Sdiptech AB is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency and air climate. As part of our offering in urban areas, we also provide niched technical services for buildings and real-estate such as renovation of elevators and roofs. The company has approximately SEK 1,500 million in sales and is based in Stockholm.
The information was provided by the above contact person for publication 27 March 2019 at 13:00 CET.
Attachment
