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Axactor SE — Capital/Financing Update 2018
Dec 17, 2018
3549_rns_2018-12-17_ea8b3d6d-b82c-4254-9c98-e92c5df61080.pdf
Capital/Financing Update
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Axactor Sweden closes a new FF agreement
Oslo, December 17th, 2018
Axactor Sweden, has entered into a new FF agreement with another financial institution. The FF contract will be for 12 months, with a total estimated principal value of 5 mEUR across 1.000 claims. The claims are fresh and the FF agreement will start immediately.
This acquisition will be financed through Axactor's existing cash and 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, Finland 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 950 employees.