KH Group Plc had signed secured financing agreements totalling EUR 33.5 million, with a Finnish bank and Finnish insurance companies as the financing providers. The financing agreements consist of EUR 20.5 million term loans and EUR 13.0 million revolving credit facilities. The financing agreements have a term of two years and include a one-year extension option, subject to the financing providers' consent.
The financing agreements include customary financial covenants. The new financing arrangement replaces the previous financing agreements of KH-Koneet and Nordic Rescue Group.
