Fasadgruppen has signed two new loan facility agreements with Skandinaviska Enskilda Banken AB (publ) and AB Svensk Exportkredit (publ) in an amount of SEK 880 million and SEK 350 million respectively. Both agreements are linked to certain selected sustainability key performance indicators where the interest rate levels will be adjusted based on Fasadgruppen’s fulfilment of pre-defined performance targets. With the new facilities, Fasadgruppen gains greater flexibility and an extended framework for the continued financing of the group’s M&A work.

The sustainability key performance indicators aim at a reduction of GHG emissions in relation to the group’s net sales as well as a reduction of work-related accidents in relation to the group’s net sales. The sustainability key performance indicators that have been selected are closely connected to Fasadgruppen’s main operations.

Pål Warolin, CEO of Fasadgruppen, said: “Since the IPO of Fasadgruppen almost a year ago, we have had a high pace in acquisitions and we continue to see favourable opportunities to grow via M&A. The Nordic façade market is highly fragmented with thousands of companies active in different niches, and Fasadgruppen wants to be the natural stepping-stone for entrepreneurs that are ready to take the next step in their development. With the new credit facilities, we ensure continued financial flexibility, while the sustainability KPIs also provide us with an extra incentive to deliver on our ambitions in the area."

Gernandt & Danielsson Advokatbyrå has acted as legal advisor to Fasadgruppen in connection with the new facility agreements.

© Modular Finance, source Nordic Press Releases