Nobia
Successful amendments to terms and conditions for Nobia's long-term funding agreement
Nobia has, together with its financing partners, successfully amended its existing long-term funding facilities agreement, initially established in connection with Nobia's rights issue in April 2024.
The amendments will better reflect the forecasted recovery of the kitchen market and provide financial flexibility to support Nobia's strategic initiatives. This includes Nobia's investment in a world-class automated factory in Jönköping, Sweden, to provide Scandinavian designed, high quality kitchens on shorter lead times to its Nordic customers. The factory, set to become operational in 2025, will solidify Nobia's position as the leading kitchen provider in the Nordics.
Amendments include extending the current EBITDA covenant over 2025 until it is replaced with a leverage covenant from 2026, as well as adjustments to the covenant levels.
As before, the specific covenant levels will not be disclosed. The size and maturity of the funding remain unchanged, with a facility of SEK 3.45 billion with maturity on June 30, 2027.
For further information
Henrik Skogsfors, CFO
+46 70 544 21 12
henrik.skogsfors@nobia.com
Tobias Norrby, Head of Investor Relations
+46 706 647335
tobias.norrby@nobia.com
This disclosure contains information that Nobia AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 23-12-2024 08:45 CET.
| Datum | 2024-12-23, kl 08:45 |
| Källa | Cision |
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