Addnode Group has entered into a revolving credit facility agreement of SEK 1,600 million with Nordea and SEB. The credit facility can be utilised for refinancing of existing debt, acquisitions and general corporate purposes. The new facility runs for 3 years with an extension option of 1 + 1 years. It replaces the existing acquisition and credit overdraft facilities in Nordea of SEK 1,100 million in total.
"Acquisitions are a vital part of our strategy and at all times we are engaged in a large number of dialogues with interesting acquisition candidates. The extended credit facility will strengthen our capacity to acquire and develop cutting edge enterprises that digitalise society", says Johan Andersson, CEO Addnode Group.
For more information, please contact:
Johan Andersson, CEO and President, Addnode Group
Phone: +46 (0) 704 20 58 31
E-mail: johan.andersson@addnodegroup.com
Lotta Jarleryd, CFO, Addnode Group
Phone: +46 (0) 72 247 92 01
E-mail: lotta.jarleryd@addnodegroup.com
About Addnode Group
Addnode Group acquires, operates and develops entrepreneur-driven companies that supply software and digital services to markets in which the group have or can achieve a leading position. We are one of Europe's leading suppliers of software and services for design, construction and product data information, and a leading supplier of document and case management systems to public sector clients in Sweden.
We are 1,800 employees in Sweden, UK, Germany, Australia, Austria, Canada, Denmark, Finland, France, India, Ireland, Japan, Netherlands, Norway, Serbia, Slovakia, and USA. Net sales in 2020 amounted to SEK 3.8 billion. Addnode Group's Series B share is listed on Nasdaq Stockholm. For more information, please visit: www.addnodegroup.com
