Lumi Gruppen AS confirmed that it has received a commitment letter from Nordea for a new long-term credit facility in the amount of NOK 300 million to NOK 330 million in addition to a revolving credit facility of NOK 70 million, with a 3-year tenor, priced at NIBOR + 220-345 basis points depending on leverage level. The new long-term credit facility provides Lumi Gruppen with a set of covenants that the Group believes provide sufficient headroom going forward. The agreed terms for the new long-term credit facility include a covenant for the ratio of net debt to EBITDA (adjusted for non-recurring items and excluding IFRS 16 effects) for First Quarter 2023 and Second Quarter 2023 of 5.0x and 4.0x respectively and 3.5x thereafter.
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5-day change | 1st Jan Change | ||
10.1 NOK | 0.00% | +1.00% | -27.60% |
Apr. 10 | Lumi Gruppen AS Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
2023 | Lumi Gruppen AS Announces Unsecured Loan Agreement with Lola Bidco AS | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-27.60% | 52.9M | |
+13.62% | 13.78B | |
+6.18% | 8.56B | |
-0.05% | 3.93B | |
+31.06% | 2.95B | |
+12.99% | 2.85B | |
+7.95% | 2.33B | |
-15.73% | 1.95B | |
+85.08% | 1.73B | |
-0.63% | 1.59B |
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- Lumi Gruppen AS Receives Commitment Letter from Nordea for New Long-Term Credit Facility in Amount of NOK 300 Million to NOK 330 Million in Addition to Revolving Credit Facility of NOK 70 Million