The new credit facility agreement is with Danske Bank A/S, Skandinaviska Enskilda Banken AB and AB Svensk Exportkredit, for a total amount of SEK 3.4 billion. The new credit facilities strengthen Instalco’s position for pursuing additional acquisitions of profitable, leading companies.
The term of the financing arrangements are 2 years, with the option of extending to a maximum of four years.
“Gaining access to this extended credit facility significantly strengthens our ability to continue acquiring top companies, in line with Instalco’s growth strategy. It is also advantageous that we will now be collaborating with three major banks,” says Christina Kassberg, CFO for Instalco.
The intention is for the credit facility to have a sustainability link based on Instalco’s sustainability programme, Sustainable Installations and the classification system, Sustainable Instalco Project.