Capital/Financing Update • Jul 6, 2016
Capital/Financing Update
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Axactor increases existing loan facility and brings Nordea in as banking partner
Oslo July 6, 2016 - On 5 July 2016, the current EUR 25 million loan
agreement with DNB Bank ASA was increased with an additional EUR 25 million
by Nordea Bank Norge ASA acceding to the existing loan agreement, thereby
increasing the facility up to EUR 50 million, with an additional EUR 50
million accordion option.
"We are very happy to have Nordea onboard as a second banking partner.
Nordea has broad industry knowledge and a solid track record in our industry
space. We look forward to work together with Nordea and DNB to continue
developing the Axactor growth story" says Geir Johansen, CFO of Axactor.
For additional information, please contact:
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +4747710451
Email: [email protected] www.axactor.com
About Axactor: Axactor Group is a debt collection and debt purchase company,
with operations in Italy, Norway and Spain. The company has a Nordic base
and an ambitious Pan- European growth strategy, which targets the market for
non-performing loans (NPL) in Europe. This market is estimated to about
EUR1,500 billion, and Axactor's main focus is debt collection and purchase
of NPL portfolios. Axactor has approximately 700 employees in Spain, Italy
and Norway.
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