Storskogen refinances credit facility agreements
Storskogen Group AB (publ) (“Storskogen”) has entered into a binding agreement to refinance both of its existing unsecured facilities, by which Storskogen extends the average maturity of its debt portfolio and reduces its total debt commitments.
On 16 March 2024, Storskogen entered into a binding agreement to refinance its existing revolving credit facility of EUR 1 billion and its unsecured syndicated term facility of EUR 300 million. These have been replaced by a revolving credit facility of EUR 400 million, with an accordion option of EUR 43 million, and a syndicated term facility of EUR 330 million.
Storskogen is an international group of businesses across Trade, Industry, and Services. Storskogen creates value by providing access to capital and strategic direction combined with active governance and a decentralised operational model. Storskogen has over 12,000 employees, net sales of SEK 36 billion (LTM) across a diversified group of businesses and is listed on Nasdaq Stockholm.
Storskogen was advised by Mannheimer Swartling.
