13. January 2021

Perstorp: RCF backed by the Swedish Export Credit Agency granted

On 5 January 2021, Perstorp Group announced that it has been granted a liquidity enhancing Revolving Credit Facility (RCF) of SEK 600 million (~EUR 59.5 million). According to Perstorp, the group has grown steadily over the last few years and has ambitious plans for the future. This RCF will support the company in its development, will protect it from the current market environment and will provide liquidity to capture growth opportunities once conditions improve, said Perstorp.

The RCF is provided by Nordea, Goldman Sachs, SEB and DNB. The financing solution is unique and the first of its kind. It involves a scheme for credit guarantees issued by the Swedish Export Credit Agency (EKN), which will cover 75 % of the granted Revolving Credit Facility.

Jan Secher (Source: Perstorp)

Jan Secher (Source: Perstorp)

Jan Secher, President & CEO, said: “This has been a true team effort and I would like to thank everyone involved; EKN, the banks, our owners and several other stakeholders. It is reassuring that with this Revolving Credit Facility in place, Perstorp has, relative to its size, one of the best liquidity positions among European chemical companies. We have ambitious growth plans for when the market recovers from the Covid-19 situation, and look to the future with confidence”.

www.perstorp.com

URL: https://www.gupta-verlag.com/news/industry/24788/perstorp-rcf-backed-by-the-swedish-export-credit-agency-granted