Solwers Oyj: Changes to Solwers Plc's Financing Agreement

Solwers Plc, Company release, December 4, 2024, at 14:15 EET

Solwers Plc has today signed an agreement on expanding and amending the Financing Agreement signed in May 2022 with the Company's principal bank. In the agreement, the Company's current loans will be refinanced with a new EUR 24.2 million loan maturing on February 28, 2029.

In addition, the Company has agreed on a new EUR 10 million credit facility, which will be drawn for acquisition use if needed. In accordance with the terms of the financing agreement, the acquisition limit can be increased later by EUR 5 million. The withdrawal period for loans drawn from the acquisition limit ends on February 28, 2027, and the maturity date of the limit is February 28, 2028.

The collateral terms and the provisions concerning the determination of interest rates remain unchanged.

The amended Financing Agreement contributes to the company's ability to continue executing its growth strategy through acquisitions.

Solwers Plc

Board of Directors

For further information, please contact:

Leif Sebbas, Chair of the Board, Solwers Plc, leif.sebbas@solwers.fi, +358 500 447 744

Certified Advisor:

UB Corporate Finance, ubcf@unitedbankers.fi