Attendo secures sustainability-linked financing
On 11 December 2023, Attendo entered into a EUR 125,000,000 and SEK 2,750,000,000 facilities agreement with a bank syndicate consisting of Nordic banks.
The purpose of the facilities is to, among other things, refinance certain outstanding loans under Attendo’s existing facilities agreement dated 25 November 2019.
The facilities under the new facilities agreement are linked to certain of Attendo’s sustainability performance targets, meaning that the interest rate on the facilities will be adjusted up or down based on two sustainability criteria relating to customer satisfaction and employee satisfaction, in relation to which Attendo must have achieved predefined improvements.
The Attendo group is one of the leading private care providers in the Nordics, with operations in Sweden, Finland and Denmark. With a vision of empowering the individual, Attendo provides services within care for older people, care for people with disabilities and care for individuals and families, and is a leader in quality development and new methods in its sector.
Attendo was advised by Mannheimer Swartling in the transaction.
