Lifco has in the current market situation decided to refinance two unsecured bonds through a bridge facility with Skandinaviska Enskilda Banken AB (publ) at a total amount of SEK 1,750 million. The bonds are due 3 April 2020.
In March 2018 Lifco issued two unsecured bonds with a tenor of two years. The first bond amounted to SEK 1,050 million and the second one to SEK 700 million. In the current market situation, Lifco has decided to refinance the bonds through a bridge facility with Skandinaviska Enskilda Banken AB (publ).
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Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end 2019, the Lifco Group consisted of 164 operating companies in 30 countries. In 2019, Lifco reported EBITA of SEK 2,523 million on net sales of SEK 13.9 billion. The EBITA margin was 18.2 per cent. Read more at www.lifco.se.