to strengthen its financing base by signing a Facilities Agreement with Danske Bank, OP Corporate Bank Plc and Swedbank AB (Publ)
Summary
Musti Group to strengthen its financing base by signing a Facilities Agreement with Danske Bank, OP Corporate Bank Plc and Swedbank AB (Publ)Musti Group to strengthen its financing base by signing a Facilities Agreement with Danske Bank, OP Corporate Bank Plc and Swedbank AB (Publ)Musti Group has signed a 3+1 year Facilities Agreement with Danske Bank, OP Corporate Bank plc and Swedbank AB (Publ). The proceeds will be used to refinance existing indebtedness and to support the company achieving long-term strategic goals.The Facilities Agreement matures in August 2027 and with the agreed 1-year extension option, final maturity reaches August 2028. Danske Bank acted as coordinator and facility agent for the arrangement, White & Case LLP supported the company during the negotiations as legal advisor and Borenius Attorneys Ltd acted as the banks legal advisor.The reached arrangement secures the funding for at least the next 3 years and enables us to take the next growth step. We are grateful for the support from the banking group and eager to continue the success story of Musti David R\xf6nnberg CEO.Musti Group in brief Musti makes the life of pets and their owners easier, safer and more fun. At the end of the financial year 2023, the company had 1,643 employees, 1.5 million loyal customers and 342 stores.