With reference to the stock exchange agreement of 5 July 2023, Techstep has
today signed the agreement with the new bank relation for refinancing of the
company's term loans and credit facilities.
As earlier communicated, the refinancing package increase total available
liquidity with NOK 25 million and restructures the interest-bearing debt,
increasing long term debt by NOK 50 million with a 50/50 five-year amortisation
and five-year bullet, in addition to flexible short term credit facilities.
For further information, please contact:
Ellen Solum, CFO, +47 976 66 717
About Techstep
Techstep is a mobile technology company that enables organisations to perform
smartly, securely, and sustainably through combining software, mobile devices
and services to meet customersŽ business and ESG goals. We are a leading
provider of managed mobility services in the Nordics serving more than 2,000
customers in Europe, with an annual revenue of NOK 1.3 billion in 2022. The
company is listed on the Oslo Stock Exchange under the ticker TECH. To learn
more about us, please visit www.techstep.io.