Swedish Export Credit Agency (EKN) has granted a Revolving Credit Facility of SEK 600m, a unique and first of its kind financing solution, to support the Group in its development, protect it from the current market context and provide liquidity to seize new business opportunities.
Perstorp, a global leader in the specialty chemicals market with a focus on polyols and solutions, advanced chemicals and animal nutrition, has obtained a SEK 600m Revolving Credit Facility from Nordea, Goldman Sachs, SEB and DNB. This unique financing solution involves a scheme for credit guarantees issued by the Swedish Export Credit Agency, which will cover 75% of the granted RCF.
The group has been constantly growing in recent years and has ambitious growth plans for the future. For this reason, this RCF will support Perstorp in its future development, protect it from the current market context and provide liquidity to seize new business opportunities.
Jan Secher, President and CEO says: "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".