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01 August 2019, 07:30 CET
Axactor combines third party collection with a forward flow agreement
Oslo, August 1st 2019
Axactor has complemented its existing forward flow agreements, by adding another agreement with a new client in Norway. In addition, this contract includes an initial period of third party collection, prior to acquiring the claims. The contract period is for 18 months, starting in August 2019. The annual volume is expected to be close to 15 mEUR across 1.500 claims.
“The team in Norway have worked hard to focus on both third party collection and portfolio acquisition, resulting in opportunities to include both with some large institutional clients.” says Stina Koren, Axactor Country Manager Norway.
This investment will be financed by Axactor’s available cash and our existing credit facilities.
For additional information, please contact:
Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461