Securitas enters into a four-year term loan agreement of MEUR 1 100 together with nine of its relationship banks, with the option for the parties to extend one additional year.
The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.
"By entering into the long-term loan agreement we secure a major part of the remaining bridge facility after the STANLEY transaction with long-term debt at competitive terms. It also creates flexibility in the future funding strategy as the facility can be repaid in advance. The refinancing of the remaining part of the bridge facility is going according to plan", says
The banks participating in the term loan are
Further information:
Investors:
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https://news.cision.com/securitas/r/securitas-enters-into-a-4-1-year-term-loan-agreement-refinancing-a-major-part-of-the-existing-acquis,c3699899
https://mb.cision.com/Main/1062/3699899/1790514.pdf
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