Hoist Finance AB (publ) (OM:HOFI) agreed to acquire Portfolio of Non-Performing Loans including Unsecured Consumer Loans from Lowell Financial Ltd for approximately SEK 1.2 billion on March 21, 2023. Following completion of the sale, Lowell will continue to service the portfolio on behalf of Hoist Finance. Lowell Financial will use proceeds from the sale to partially repay drawings under the Group's Revolving Credit Facility.

Hoist Finance AB (publ) (OM:HOFI) completed the acquisition of Portfolio of Non-Performing Loans including Unsecured Consumer Loans from Lowell Financial Ltd on March 21, 2023.