A three-year financing agreement has been signed with Nordea and DnB NOR. The
agreement expands Bilia's credit facilities by SEK 300 million to SEK 900
million. Bilia utilises approximately SEK 120 million of its credit facilities
today.
In a comment, Bilia's Managing Director Per Avander says:
“We have a long-standing and fruitful association with Nordea for the Group's
bank financing which is now being augmented with DnB NOR. DnB NOR is a strong
Nordic banking partner with whom we have enjoyed a successful association in
Norway, where we have built up a customer financing stock of SEK 1.5 billion.
In view of the current turmoil on the financial markets, it is reassuring to
know that we now have a long-term financing agreement that also ensures a line
of credit for future expansion.”
Göteborg, 25 October 2011
Bilia AB (publ)
For further information, please contact Per Avander, Managing Director and CEO,
or Gunnar Blomkvist, Chief Financial Officer, Bilia AB, Tel. +46 31 709 55 00.
The above information is disclosed in accordance with the Securities Market Act
and/or the Financial Instruments Trading Act. The information was published on
25 October 2011, at 13:00.
