Loomis AB has signed an agreement for a syndicated, revolving credit facility of €150 million ($163.4 million). The facility has a tenor of three years with two extension options of one year each. The facility replaces an existing revolving credit facility originally maturing in January 2024.
The facility can be used for financing of working capital, investments, and other general corporate purposes.
The lead arrangers are Bank of America, Danske Bank, NatWest, Nordea Bank and Société Générale.