Storskogen enters into facility agreement in connection with a contemplated IPO
On 24 September 2021, Storskogen Group AB (publ) entered into an unsecured EUR 1 billion multicurrency revolving credit facility agreement with a syndicate comprised of ten Nordic and international banks.
The new facility agreement, which is intended to refinance and replace Storskogen’s existing facilities agreement, is subject to customary conditions for disbursement, including the completion of the contemplated public offering and admission to trading of Storskogen’s B-shares on Nasdaq Stockholm.
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 2021, Storskogen consisted of 94 business units with a total of approximately 7,000 employees and a trailing annual turnover (RTM) of almost SEK 19 billion.
Storskogen was advised by Mannheimer Swartling.
