Byggmax signs new three-year funding agreement with 30% lower interest expenses on a full-year basis

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| Source: Byggmax Group AB
Byggmax has signed a new funding agreement with a tenor of three years, which
means that the agreement extends until March 2017. Accordingly, this means that
Byggmax has chosen to extend its cooperation with Handelsbanken, with whom the
company has a long-standing relationship. The funding agreement comprises a SEK
400 M overdraft facility and a revolving credit facility of SEK 270 M, with no
amortization obligation. The new agreement means that Byggmax lowers its
interest expenses by about 30% on a full-year basis, based on last years net
debt-level.
For more information please contact:
Pernilla Walfridsson, CFO Byggmax, mobile: +46 761 19 00 40, e-mail:
pernilla.walfridsson@byggmax.se
Magnus Agervald, CEO Byggmax, mobile: +46 761 19 00 20, e-mail:
magnus.agervald@byggmax.se
Byggmax was launched in 1993 and currently has 69 stores in Sweden from Ystad to
Luleå. The company had net sales of approximately SEK 3.2 billion in 2013 and is
continuing to expand strongly. Byggmax also has 25 stores in Norway and 13 in
Finland making a total of 107 stores in the Group. From the very beginning,
Byggmax’s business concept has been to be the best and most inexpensive
alternative for consumers in need of high-quality construction materials.
Byggmax has a drive-in system at all its stores, enabling customers to load
their products into their vehicles directly. This makes life easy and efficient
for customers, particularly when buying heavy construction materials. Byggmax
was listed on the NASDAQ OMX Stockholm exchange in June 2010.
For more information see: www.byggmax.se.