Funding

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.

Credit facilities

Type Currency Amount (000') Maturity
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