Storskogen enters into a new term facility agreement
On 23 September 2022, Storskogen Group AB (publ) entered into an unsecured EUR 300 million term facility agreement with a syndicate comprised of four Nordic and international banks.
The purpose of the term facility agreement is to refinance certain outstanding revolving loans under Storskogen’s existing revolving credit facility agreement dated 24 September 2021 of EUR 1 billion and thereby increasing the group’s overall financial flexibility.
Storskogen acquires and manages well-managed and profitable small and medium-sized enterprises within the business areas Industry, Trade and Services in the Nordic countries, DACH and the United Kingdom. At the end of the first half-year 2022, Storskogen consisted of 132 business units with over 12,000 employees and a trailing annual turnover (RTM) of almost SEK 36 billion.
Storskogen was advised by Mannheimer Swartling.