18 April 2023, 10:59 CEST

Axactor Group

Press release

Axactor ASA reaches agreement on the renewal of its revolving credit facility

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.