Transcom reaches agreement with current lenders for EUR 103.8m revolving credit facility, replacing its existing facility

An agreement, coming into effect on January 29, 2014, has been reached with all existing lenders – SEB, DNB, and Handelsbanken – to implement a new, €103.8 million three-year facility to replace the existing one. This agreement will provide the Group with increased financial flexibility.

The new facility is composed of a €40.0 million term loan with partial amortization starting in 2015, as well as a €55.0 million multicurrency revolving credit facility, and an €8.8 million short-term facility.