Storskogen

The facility agreements were entered into with international bank syndicates. After the extension, the average time to maturity for the group's credit portfolio is prolonged to 27 months.

"Operationally, we have a clear focus on cost efficiency and cash flows, with an ambition to lower the leverage to the lower end of the interval 2-3x*. The extended credit facilities provide additional financial support and also improves the maturity profile of Storskogen's debt portfolio" says Lena Glader, CFO at Storskogen.

Mannheimer Swarting Advokatbyrå has acted as legal advisors to Storskogen in connection with the transaction.

* Interest-bearing net debt/RTM adjusted EBITDA