English

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

Luxembourg, 24 January 2014 – Transcom today announced that the company has successfully renegotiated its existing Revolving Credit Facility, which was due to expire in October 2014. 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.

For further information, please contact:

Johan Eriksson, President and CEO
Telephone +46 70 776 80 22

Pär Christiansen, CFO
Telephone +46 70 776 80 16

Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88