As at 27 November 2019, Attendo entered into a loan agreement with Danske Bank A/S, Skandinaviska Enskilda Banken AB (publ) and Nordea Bank Abp, filial i Sverige. According to the agreement, the banks agreed to provide certain credit facilities in order to refinance the existing loan financing of the company and to ensure ongoing financing of the operations.
The credit will carry an annual interest rate equivalent to the relevant IBOR plus a variable margin that will be based on Attendo’s Net debt to EBITDA ratio. The facilities are subject to the condition that the company meets certain market based financial terms, including certain financial ratios, such as Net debt/EBITDA and interest coverage, which may not deviate negatively from certain levels specified in the agreement.
|Period loan facility||EUR||125 000||2022+1+1|
|Period loan facility||SEK||1 250 000||2022+1+1|
|Revolving credit facility, multi currency||SEK||1 800 000||2022+1+1|