Storytel AB entered a new loan agreement with Swedbank which involves the granting of a further SEK 200 million, of which SEK 100 million may be put to use immediately, while the other half may be used conditionally, although at latest December 31, 2019. The amortisation of each tranche will amount to SEK 10 million per annum respectively, with interest rates at current levels or slightly lower. This new financing agreement will allow Storytel to reduce its rate of amortisation on existing credits from approximately SEK 42 million to SEK 20 per annum.