Clavister Holding AB announced that it has signed an amendment contract regarding a new repayment plan for its loan from the European Investment Bank (EIB). The signed amendment is in line with the press release published November 22, 2023, when the new repayment plan was agreed. Clavister and EIB have been negotiating to change the repayment profile of the loan and reached an agreement, in November 2023, of a new repayment plan that better aligns with Clavister's growth and cash flow profile thereby reducing challenging liquidity strain.

Clavister and Eib have now formalized the new amortization plan in an amendment to the current loan agreement. According to the new amortization plan, the loan will be repaid over the period 2024 through 2028 - thereby extending the time frame by 24 months compared to the previous repayment plan. The new amortization plan further stipulates that the majority of repayments will occur towards the end of the repayment period, with considerably smaller amortizations in the years 2024 and 2025.

During these two years, a total of approximately EUR 2.2 million will be amortized, compared to EUR 15 million under the previous conditions. The interest rates remain unchanged, as does the absence of covenants. EIB receives a parent company guarantee from Clavister Holding AB, as well as a pledge on the shares of the subsidiary PhenixID AB.