Securitas Launches New Credit Facility and Loan Agreement
Securitas Initiates New Financial Agreements
Securitas has recently taken significant steps to bolster its financial foundation by signing a new multi-currency revolving credit facility agreement. This facility amounts to MEUR 1,100 and aims to provide the necessary liquidity for the company's ongoing projects and commitments.
Details of the Revolving Credit Facility
This new revolving credit facility is structured in two distinct tranches. The first tranche of MEUR 900 is set to mature in 2030, while the second tranche of MEUR 200 is due in 2028, each of which can be extended for an additional two years. Importantly, this facility replaces the earlier MEUR 1,029 credit facility that was initially signed in April 2020.
Key Arrangers and Bookrunners
The coordination of this significant financial arrangement has seen the involvement of various reputable institutions. Leading the charge as Coordinating Mandated Lead Arrangers and bookrunners are Bank of America, Danske Bank, and SEB. The arrangements also include heavyweights like Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas, Citibank, N.A., and other pivotal banks.
A New Loan Agreement with Nordic Investment Bank
Alongside the revolving credit facility, Securitas has also inked a loan agreement totaling MUSD 190 with the Nordic Investment Bank, with a maturity date set for 2032. This agreement serves multiple purposes, primarily focused on refinancing existing debt while supporting Securitas' strategic goals in digital transformation and leveraging artificial intelligence.
Strategic Goals and Investments
The signing of these agreements highlights Securitas’ commitment to not only maintaining a strong financial position but also investing heavily in innovations such as digital solutions and artificial intelligence. These investments are crucial for the company’s vision of enhancing service delivery and operational efficiency in the security sector.
Contact Information for Investors
Securitas values transparency and investor communication. For inquiries regarding this new financial agreement, investors can reach out to Micaela Sjökvist, Vice President of Investor Relations at +46 76 116 7443. Securitas is eager to maintain an open line of communication with stakeholders during this exciting phase of growth.
Frequently Asked Questions
What is the purpose of Securitas' new revolving credit facility?
The new revolving credit facility is designed to provide liquidity for Securitas' ongoing projects, including digital transformation initiatives.
How much is the loan agreement with Nordic Investment Bank?
Securitas has signed a loan agreement totaling MUSD 190 with Nordic Investment Bank, maturing in 2032.
Who are the bookrunners for the new credit facility?
Key bookrunners include Bank of America, Danske Bank, SEB, and several other prominent financial institutions.
When does the first tranche of the revolving credit facility mature?
The first tranche, which is MEUR 900, is set to mature in 2030.
What strategic areas will this financing support?
The financing will support Securitas' ongoing strategy regarding digitalization and investments in artificial intelligence to enhance its service offerings.
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