Intrum Justitia AB: Intrum Justitia Adjusts Its Bank Financing

STOCKHOLM--()--Regulatory News:

Intrum Justitia (STO:IJ) has renegotiated the Group’s bank financing. The main changes are summarized below:

· Previous bank loans, consisting of one facility of SEK 4 billion and one facility of SEK 1 billion, is now combined to one facility of SEK 5 billion. The new bank loan, similarly to the previous loans, is a revolving credit facility with Swedbank and Nordea, on market terms with regard to borrowing costs and in other regards on similar terms as the previous loans.

· The maturity structure has been changed. The previous loans matured by SEK 2 billion in 2015, SEK 2 billion in 2016 and SEK 1 billion in 2017. For the new loan, SEK 2 billion matures in 2017, SEK 2 billion in 2018 and SEK 1 billion in 2019.

· The previous loan facilities entailed a limit on the long-term loan financing Intrum Justitia could raise of SEK 8 billion. The new loan agreement allows the Group to raise long-term financing of up to SEK 10 billion.

Consequently, Intrum Justitia’s total long-term loan financing consists of confirmed loan facilities from banks of SEK 5 billion and bond loans of SEK 3 billion within the framework of an MTN program of up to SEK 5 billion. The Group also has a commercial paper program for short-term financing of up to SEK 1.5 billion.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated revenues amounted to about SEK 4.6 billion in 2013. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com

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Contacts

Intrum Justitia AB
Erik Forsberg, CFO
Tel: 46 8 546 102 00

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Contacts

Intrum Justitia AB
Erik Forsberg, CFO
Tel: 46 8 546 102 00