case | 26 Oct 2021
Setterwalls has assisted Nordisk Bergteknik with its new financing solution
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Setterwalls has assisted Nordisk Bergteknik with its new financing solution. The company’s new financing solution means that the company’s corporate bond has been replaced with bank financing containing a sustainability component.
Nordisk Bergteknik AB (publ) has redeemed all outstanding corporate bonds of SEK 400 million. Further, Nordisk Bergteknik has entered into a facility agreements with Nordea and Swedbank regarding bank financing and has replaced the corporate bond with a bank loan of SEK 400 million. In addition to the bank loan, the company has received a new credit facility of SEK 650 million. The facility agreement contains a sustainability component, which means that Nordisk Bergteknik may agree with the banks on key performance indicators for sustainability which five days after the preparation of the annual report and a sustainability certificate for 2022 may result in a margin discount or premium.
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