Scandinavian Biogas refinanced loan of SEK 200 million within the framework of green financing
Scandinavian Biogas Fuels International AB (publ) (“Scandinavian Biogas” or “the Company”) has today repaid the Company's outstanding direct loan of SEK 200 million. The repayment has been made with a credit facility within the green financing framework, which amounts to a total of SEK 200 million. The credit facility has an maturity of 18 months. The terms of the facility are favorable and some of the largest shareholders have contributed to the financing. The company's financing costs are significantly reduced with the new loan.
We are very pleased with the new financing solution that will significantly reduce the Company's financing costs and of course the “Dark Green” assessment in the green framework has contributed very positively. At the same time, it is also concrete proof that Scandinavian Biogas' business has developed in a good and successful way. ” - Matti Vikkula, CEO, Scandinavian Biogas
For more information, please contact:
CEO Scandinavian Biogas
+46 (0) 70-597 99 38
Briefly about the Company:
Scandinavian Biogas is today one of the Nordic region's largest private producers of biogas as
vehicle fuel. The company also operates a production facility for pre-treatment of food waste
and industrial organic waste, as well as a raw biogas plant in South Korea and
a plant for the production of liquefied biogas in Norway.
The information in this pressrelease is such that Scandinavian Biogas Fuels International AB (publ) is obliged to publish in accordance with the Swedish Securities Market Act. The information was submitted for publication on September 2020 at 18:10 CET.