Axactor SE

Capital/Financing Update • Sep 5, 2019

Axactor enters new forward flow agreement with an existing client in the Nordics

Axactor enters new forward flow agreement with an existing client in the Nordics

Oslo, September 5th, 2019

Axactor has expanded an existing Nordic relationship to include unsecured consumer loans in Norway. The contract period is for 18 months, starting in January 2020, with the annual volume expected to be close to 44mEUR across 2.750 claims.

“The team in Norway are very pleased to expand the existing relationship that Axactor has with this important client. The claims are both fresh and of a very high quality which fit very well with our other FF agreements.” says Stina Koren, Axactor Country Manager Norway.

This investment will be financed by Axactor’s available cash and our existing credit facilities.

For additional information, please contact:

Johnny Tsolis, CFO, Axactor

Mobile phone: +47 913 35 461

Email: johnny.tsolis@axactor.com

About Axactor

Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1100 employees.

To learn more, visit www.axactor.com