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Lindorff / Lock AS: Lindorff completes non-syndicated loan facilities

Press Release   •   Oct 05, 2016 21:28 GMT

Trond Brandsrud, CFO

Lindorff Group, the leading European full-service credit management services provider, has successfully completed a EUR 200m non-syndicated loan facility and a EUR 55m bilateral credit facility. The EUR 200m non-syndicated loan facility has a 5 year maturity and the EUR 55m bilateral credit facility has a 3 year maturity.

– We are appreciative of the strong support from the banks as this increased operational liquidity enables us to continue to pursue our strategy of profitable growth in the non-performing loans area, says CFO Trond Brandsrud.

Lindorff Group will publish its third quarter results on November 3. During the first half of 2016, Lindorff has also published information on the successful acquisition of the Aktua a leading multi-client servicer focused on secured debt and real estate assets in Spain.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Lindorff

Founded in 1898, Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services.

The company has 4300 employees in 13 countries with headquarters in Oslo, Norway. In 2015 Lindorff generated EUR 534 million in net revenue (2014: EUR 475 million).
Lindorff is majority owned by Nordic Capital Fund VIII.

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