Artificial Solutions International AB has signed a term sheet with a fund managed by Capital Four, one of the largest independent credit asset management companies in the Nordics with a total of EUR 15 billion in assets under management regarding a 5-year credit facility of SEK 250 million, carrying an interest margin of 9.5% and with PIK (payment in kind) interest, interest costs will be capitalized and will not result in any cash interest payments during the tenure. The proceeds will be used to refinance the Group´s existing debt and convertible debt. Following repayment of the debt and related transactional fees, approximately SEK 50 million is available for supporting the Company’s continued growth and execution of the new SaaS model strategy built on the offering LUIS^Teneo. Prior to the completion of the transaction, the Company will repay the bond of SEK 52 million issued by Artificial Solutions Holding ASH AB, which matures on October 5, 2021, with existing cash. The Company’s Cash & Bank position on September 30, 2021, amounted to SEK 96 million. Adding the approximately SEK 50 million for supporting the Company’s continued growth, the Cash & Bank Position on September 30, 2021, would be approximately SEK 146 million.