Securitas Secures Multi-Currency Revolving Credit and Loan Agreements

Securitas Strengthens Financial Position with New Credit Arrangements

In a strategic move to bolster its financial standing, Securitas, a leading global security service provider, has announced the signing of a significant multi-currency revolving credit facility agreement worth MEUR 1,100. This agreement marks a crucial step in the company's efforts to refinance existing debts and support its ongoing investments in digitalization and artificial intelligence. Coupled with this facility is a $190 million loan agreement with the Nordic Investment Bank, set to mature in 2032.

Overview of the Credit Facility

The new revolving credit facility consists of two main tranches designed to offer flexible financial solutions for Securitas. The first tranche totals MEUR 900, maturing in 2030, while the second tranche comprises MEUR 200, maturing in 2028. Notably, each tranche has an extension option, allowing for an additional two years. This flexibility can be crucial in adapting to future market conditions and financial requirements.

This new agreement replaces the previous revolving credit facility of MEUR 1,029, which was initially established in April 2020. The transition reflects Securitas' commitment to securing more favorable terms and enhancing its credit capacity to support a broader range of financial initiatives and strategic projects.

Key Players Involved

As part of the arrangement, several prominent institutions serve as Mandated Lead Arrangers and Bookrunners. These include major banks such as Bank of America, Danske Bank, SEB, Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas, Citibank, N.A., London Branch, Crédit Industriel et Commercial, Deutsche Bank Luxembourg S.A., ING Belgium S.A./N.V., KBC Bank NV, and UniCredit Bank Austria AG. Their involvement represents a robust collaborative effort across the financial sector, ensuring the facilitation of these credit arrangements.

Strategic Importance of the Loan Agreement

In addition to the revolving credit facility, Securitas has signed a loan agreement with the Nordic Investment Bank, which underscores the company's strategic focus on innovation and technology. The funds from this $190 million loan will primarily be utilized to refinance existing debts. Furthermore, it aims to support Securitas in strengthening its commitment to digital transformation, thus enhancing its core operations and service delivery.

Securitas is increasingly recognizing the vital role that digitalization and artificial intelligence play in the security sector. These investments are not just about modernizing current practices but also about anticipating future challenges and improving customer service. By securing these funds, Securitas is positioning itself to lead in the industry and respond dynamically to changing demands.

Conclusion

The new revolving credit facility and loan agreement showcase Securitas' proactive approach to financial management and strategic growth. With a focus on refinancing existing obligations while investing in technology, Securitas is poised to enhance its operational capabilities and sustainable competitive advantage in the evolving security landscape. This alignment of financial strategy with technological advancement highlights the company's commitment to maintaining its leadership position in the industry, driving innovation for the benefit of its clients and stakeholders alike.