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Axactor SE — Capital/Financing Update 2018
Apr 10, 2018
3549_rns_2018-04-10_864801f8-3fdd-479b-a920-98e489acc798.html
Capital/Financing Update
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Axactor enters into forward flow agreement with Swedish consumer bank
Axactor enters into forward flow agreement with Swedish consumer bank
Oslo, April 10th, 2018
Axactor has entered into a 24 months forward flow contract with a Swedish consumer bank. The claims will be acquired on a monthly basis, and Axactor estimates the annual outstanding balance to be between 3 and 4 mEUR.
The investments will be financed through 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: [email protected]
About Axactor
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden 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 be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 900 employees.