06 February 2017, 07:30 CET
Axactor increases existing loan facility
On February 3, 2017 the 3rd tranche under the
EUR 100 million Recurring Credit Facility which Axactor has with DNB
Bank ASA and Nordea Bank AS was made available to the company, thereby
increasing the available amount under the facility from EUR 50 million
to EUR 75 million. After this event, an additional EUR 25 million is
remaining under the facility.
For additional information, please contact:
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +4747710451
Axactor is addressing a large non-performing loan (NPL)
market in Europe. The market is estimated to around EUR 1.5
trillion and with a solid growth rate. The main growth
factors are partly driven by regulatory changes, sales
of non-performing loans and an accelerating trend of
outsourcing debt collection to specialized companies.
Furthermore, we see a consolidation trend in the debt
collection/debt purchase industry. Axactor's main focus in
the credit management value chain will be: amicable and legal
collection, surveillance and acquisition of NPLs.
Axactor was established in 2015 and has approximately 900