Oslo, 18 April 2023 - Today Axactor has reached an agreement with its banks on
all principal terms relating to the renewal of the company's EUR 545 million
senior secured revolving credit facility. The facility has been structured on
satisfying terms and a 3-year maturity, with the option to extend maturity with
additional two years subject to separate credit approval.
"I am proud that we are able to continue our path of securing funding on
compelling terms, despite the challenging macroeconomic time we are in. This is
the result of a thriving relationship with the banks and solid results created
by Axactor over time. I would like to thank both our banks and our employees for
the great result" says Johnny Tsolis, CEO of Axactor.