BORGESTAD ASA – REFINANCING OF THE HÖGANÄS BORGESTAD GROUP
BORGESTAD ASA – REFINANCING OF THE HÖGANÄS BORGESTAD GROUP
Höganäs Borgestad Holding AB, a subsidiary of Borgestad ASA, has on 3 June 2025 agreed with Nordea Bank Abp, branch in Sweden ("Nordea") on an extension of the existing loan commitments of the Höganäs Borgestad group until 30 June 2028.
The loan commitments with Nordea consist of a mortgage facility of SEK 47 million and an overdraft facility of SEK 70 million. The interest margin for the loan commitments will be reduced by 0.80% compared to the existing loans. The other terms and conditions related to the new loan commitments will essentially correspond to the terms and conditions under the existing loan commitments with Nordea.
The contact person is Pål Feen Larsen, CEO Borgestad ASA, +47 488 45 333
- -
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
About Borgestad| www.borgestad.no
Borgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer Höganäs Borgestad.
About Höganäs Borgestad | www.hoganasborgestad.com
Höganäs Borgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. Today, the company is a leading supplier in the refractory market of the Nordic countries and has a global presence in a number of selected application areas.