Loomis AB signs bond loan agreement with the Swedish Export Credit Corporation
Loomis AB has signed a bond loan agreement of EUR 65 million with the Swedish Export Credit Corporation on 23 September 2010. The loan has a term of five years and is 75 per cent guaranteed by the Swedish Export Credits Guarantee Board. The funds will be used to partly refinance an outstanding loan facility of around SEK 3,200 million taken out in fall 2008.
Loomis AB offers safe and effective solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 370 branch offices in 12 European countries and in the US. Loomis AB has 20 000 employees and a turnover of SEK 12 billion. Loomis AB is a mid-cap listed company on NASDAQ OMX Stockholm.
Loomis AB was advised by Mannheimer Swartling. Partner in charge was Zoran Stambolovski, assisted by Susanne Forsberg.