STOCKHOLM, January 19, 2023 /PRNewswire/ — Securitas enters into a four-year loan agreement for an amount of 1,100 MEUR together with nine of its relationship banks, with the option for the parties to extend it for another year.
Proceeds will be used to refinance a large portion of the remaining $2,315 million bridge facility related to the STANLEY Security acquisition, which closed on July 22, 2022.
“By entering into the long-term loan agreement, we secure a significant portion of the bridge facility remaining after the STANLEY transaction with long-term debt on competitive terms. It also creates flexibility in future financing strategy, as the facility will be you can pay in advance.. The refinancing of the remaining part of the bridge installation is going according to plan,” he says Andreas LindbackSecuritas CFO.
Banks participating in the term loan are Danske Bank and SEB as Bookrunners and Mandated Lead Arrangers, along with Bank of America, BBVA, Crédit Industriel et Commercial (CIC), Commerzbank, ING, KBC and UniCredit Bank Austria as Mandated Lead Arrangers .
More information:
Investors: Micaela Sjökvist, Vice President, Investor Relations; +46 76 116 7443, [email protected]
This is information that Securitas AB is required to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, via the contact person indicated above, at 20:00 (CET) on January 18, 2023.
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