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22 August 2018, 15:53 CET
Axactor and Reolux successfully close loan facility with Nomura for refinancing of REO portfolios
Oslo, 22 August 2018
Axactor and Reolux Holding S.à r.l ("Reolux") today announced the closure of the approximately EUR 96 million senior secured term loan facility with Nomura International plc ("Nomura") to refinance Reolux's existing Spanish Real Estate Owned (REO) investments, as previously reported. Nomura acted as Arranger for the facility.
Endre Rangnes, CEO of Axactor, commented: "Closing of this transaction is an important milestone in establishing our funding structure and will enable significant future portfolio investments for Axactor. We are very pleased to announce the start of this new partnership and we look forward to developing the relationship with Nomura."
Roger Cattermole, Managing Director at Nomura, added: "We are delighted to have closed this initial financing transaction with Axactor. Southern Europe has been a key area of success and focus for our structured lending efforts over the past 12 months and we look forward to working in close partnership with Axactor to support their continued growth in the Spanish REO market in particular."
For additional information, please contact:
Johnny Tsolis, CFO & Investor Relations, Axactor
Mobile phone: +47 913 35 461
Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com