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Mycronic Renews Bank Financing Agreement
September 30, 2022 | Mycronic ABEstimated reading time: Less than a minute
Mycronic AB has renewed its revolving credit facility agreement with Nordea of SEK 1,000 million until September 2026 in order to ensure further freedom to act on business opportunities.
The agreement with Nordea has been renewed and is valid for four years, until September 2026. A corresponding revolving credit facility agreement with Handelsbanken of SEK 1,000 million, which matures in May 2025, remains in place. In total, Mycronic thus has continued access to bank financing of SEK 2,000 million.
“The renewal of the bank financing agreement with Nordea ensures our ability to continue to be open to acquisition and growth opportunities and maintains a good maturity structure over time”, says Pierre Brorsson, CFO & Sr VP Corporate Development.
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