HUMBLE GROUP EXTENDS CREDIT FACILITY WITH IMPROVED TERMS
Humble Group AB (publ) ("Humble Group" or the "Company") has increased its existing credit facilities from Nordea Bank Abp, filial i Sverige ("Nordea"), Skandinaviska Enskilda Banken AB ("SEB") and AB Svensk Exportkredit ("SEK") with a loan amounting to SEK 300 million. At the same time, the maturity date for the credit facilities is extended to 2027 with the possibility to extend for one more year.
By extending the maturity date, Humble Group obtains better terms for all credit facilities, which will reduce the Company's interest costs. The increased loan amount will strengthen the financial flexibility of the Company going forward.
"We are pleased with the confidence that Nordea, SEB and SEK have shown in us through the extended financing. The updated financing structure confirms the Group's strong financial position and imposes better terms and lower interest costs. At the same time, we will have access to an additional SEK 300 million in credit, which will increase our financial flexibility going forward.", says Simon Petrén, CEO of Humble Group AB (publ).
For additional information, please contact:
Simon Petrén, CEO, Humble Group AB (publ)
Email: simon.petren@humblegroup.se
The information in this press release has been published by the above contact person, at the time specified by Humble Group's news distributor Cision at the time of publication of this press release.
About Humble
Humble Group is a Swedish FMCG group, which delivers next-generation consumer products that are better for people and the planet. Humble's business consists of the business segments Future Snacking, Quality Nutrition, Sustainable Care and Nordic Distribution, which have a profile within health and sustainability. The company strives to drive organic and structural growth through acquisitions and by utilizing synergies between the business entities.
For more information visit www.humblegroup.se.
Humble's share is listed on Nasdaq Stockholm under the ticker HUMBLE.
https://news.cision.com/humble-group-ab/r/humble-group-extends-credit-facility-with-improved-terms%2Cc4208502
HUMBLE GROUP EXTENDS CREDIT FACILITY WITH IMPROVED TERMS
