BHG Group

Capital/Financing Update • Mar 26, 2024

BHG extends and adapts existing financing agreement to reflect stronger balance sheet and new market situation

BHG Group AB ("BHG") has agreed on an extension of its existing financing agreement with current creditors.

The extension is made until 2026 with an option for a further one-year extension by agreement. Through the new financing agreement, BHG reduces its available facilities and over time migrates to previous financial covenants.

When the financing agreement enters into force, BHG's total credit facilities will amount to SEK 2,300 million. The credit facilities are thus reduced from SEK 3,300 million in the current agreement. The reduced credit facility reflects BHG's strengthened balance sheet, a new market situation and BHG's adjusted acquisition strategy. The new financing agreement will enter into force on April 26, 2024, subject to the fulfilment of certain agreed conditions.

"Through very good cooperation with our banks, SEB and Danske Bank, we have agreed on a new financing agreement that lowers our costs and is better adapted to the current market situation and our strategy regarding M&A going forward," says BHG's CEO Gustaf Öhrn.

Contacts

Gustaf Öhrn, President and CEO of BHG Group Telefon: +46 (0) 70 420 44 36. E-mail: gustaf.ohrn@bhggroup.se

Jesper Flemme, CFO of BHG Group Tel: +46 (0) 720 80 25 69. E-mail: jesper.flemme@bhggroup.se

Jakob Nylin, Head of Investor Relations of BHG Group Tel: +46 (0) 760 48 02 38. E-mail: jakob.nylin@bhggroup.se

Attachments

BHG extends and adapts existing financing agreement to reflect stronger balance sheet and new market situation