Securitas enters into a four-year term loan agreement of MEUR 1 100 together with nine of its relationship banks, with the option for the parties to extend one additional year.
The proceeds will be used to refinance a large part of the remaining MUSD 2 315 bridge facility related to the acquisition of STANLEY Security which was closed on July 22, 2022.
Flexibility in funding strategy
“By entering into the long-term loan agreement we secure a major part of the remaining bridge facility after the STANLEY transaction with long-term debt at competitive terms. It also creates flexibility in the future funding strategy as the facility can be repaid in advance. The refinancing of the remaining part of the bridge facility is going according to plan,” says Andreas Lindback, CFO of Securitas.
The banks participating in the term loan are Danske Bank and SEB as Bookrunners and Mandated Lead Arrangers, together with Bank of America, BBVA, Crédit Industriel et Commercial (CIC), Commerzbank, ING, KBC, and UniCredit Bank Austria as Mandated Lead Arrangers.
- Network / IP
- Office surveillance
- Retail surveillance
- Construction surveillance
- Office security systems
- Retail security systems
- Construction security systems
- Office security
- Airport security
- Application security
- Industrial security
- Aviation security
- Commercial security
- Security management
- Security policy
- Security devices
- Security installation
- Security tagging
- Security monitoring system
- Network monitoring
- Industrial security systems
- Retail security
- Security software
- Security service
- Industrial surveillance
- Prison surveillance
- Testing & Approvals
- Integration software
- Corporate Security
- Central Monitoring
