Securitas enters into a 4+1 year term loan agreement refinancing a major part of the existing acquisition bridge facility
STOCKHOLM, Jan. 19, 2023 /PRNewswire/ -- Securitas enters into a four-year term loan agreement of MEUR 1 100 together with nine of its relationship banks, with the option for the parties to extend one additional year.
The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.
"By entering into the long-term loan agreement we secure a major part of the remaining bridge facility after the STANLEY transaction with long-term debt at competitive terms. It also creates flexibility in the future funding strategy as the facility can be repaid in advance. The refinancing of the remaining part of the bridge facility is going according to plan", says Andreas Lindback, CFO of Securitas.
The banks participating in the term loan are Danske Bank and SEB as Bookrunners and Mandated Lead Arrangers, together with Bank of America, BBVA, Crédit Industriel et Commercial (CIC), Commerzbank, ING, KBC and UniCredit Bank Austria as Mandated Lead Arrangers.
Further information:
Investors: Micaela Sjökvist, Vice President, Investor Relations; +46 76 116 7443, [email protected]
This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 20.00 (CET) on January 18, 2023.
Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Almost nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, combined with an innovative, holistic approach, we're transforming the security industry. With 350 000 employees in 47 markets, we see a different world and create sustainable value for our clients by protecting what matters most - their people and assets.
The following files are available for download:
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