5 Jan 2021
Perstorp Group granted unique RCF backed by the Swedish Export Credit Agency (EKN)
Malmö January 5, 2021 - Perstorp, a global leader in the specialty chemicals market with a focus on polyols & solutions, advanced chemicals and animal nutrition, has been granted a liquidity enhancing Revolving Credit Facility of SEK 600 m.
Perstorp Group has grown steadily over the last few years and has ambitious plans for the future. This RCF will support the company in its development, will protect Perstorp from the current market environment and will provide liquidity to capture growth opportunities once conditions improve.
The RCF is provided by Nordea, Goldman Sachs, SEB and DNB. The financing solution is unique and the first of its kind. It involves a scheme for credit guarantees issued by the Swedish Export Credit Agency (“EKN”), which will cover 75% of the granted Revolving Credit Facility.
Jan Secher, President & CEO comments: “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”.
Perstorp Holding AB
SE-211 20 Malmö
+46 435 380 00
Notes for editors
Perstorp believes in improving everyday life – making it safer, more convenient and more environmentally sound for billions of people all over the world. As a world leading specialty chemicals company, our innovations provide essential properties for products used every day and everywhere. You’ll find us all the way from your car and mobile phone to towering wind turbines and the local dairy farm. Simply put, we work to make good products even better, with a clear sustainability agenda.
Founded in Sweden in 1881, Perstorp’s focused innovation builds on more than 135 years of experience, representing a complete chain of solutions in organic chemistry, process technology and application development. Perstorp has approximately 1,350 employees and manufacturing units in Asia, Europe and North America. Sales in 2019 amounted to 11.6 billion SEK.
Learn more at www.perstorp.com