Loomis secures €150 million three-year replacement revolver

By Marisa Wong

Los Angeles, Jan. 27 – Loomis AB has signed an agreement for a syndicated revolving credit facility of €150 million, according to a press release.

The facility has a tenor of three years with two extension options of one year each.

The facility replaces an existing revolver originally maturing in January 2024.

The new revolver can be used for working capital, investments and other general corporate purposes.

The lead arrangers are Bank of America, Danske Bank, NatWest, Nordea Bank and Societe Generale.

The cash handling company is based in Stockholm.

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