Lumi Gruppen AS confirmed that it has received a commitment letter from Nordea for a new long-term credit facility in the amount of NOK 300 million to NOK 330 million in addition to a revolving credit facility of NOK 70 million, with a 3-year tenor, priced at NIBOR + 220-345 basis points depending on leverage level. The new long-term credit facility provides Lumi Gruppen with a set of covenants that the Group believes provide sufficient headroom going forward. The agreed terms for the new long-term credit facility include a covenant for the ratio of net debt to EBITDA (adjusted for non-recurring items and excluding IFRS 16 effects) for First Quarter 2023 and Second Quarter 2023 of 5.0x and 4.0x respectively and 3.5x thereafter.
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5-day change | 1st Jan Change | ||
10.2 NOK | +2.00% | -2.86% | -26.88% |
05-07 | Transcript : Lumi Gruppen AS - Shareholder/Analyst Call | |
04-10 | Lumi Gruppen AS Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-26.88% | 53.46M | |
+16.74% | 14.67B | |
+3.01% | 8.67B | |
+9.90% | 4.24B | |
+20.61% | 3.05B | |
+29.31% | 2.94B | |
+18.64% | 2.5B | |
+11.79% | 2.47B | |
+111.11% | 2.07B | |
-0.61% | 1.6B |
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- Lumi Gruppen AS Receives Commitment Letter from Nordea for New Long-Term Credit Facility in Amount of NOK 300 Million to NOK 330 Million in Addition to Revolving Credit Facility of NOK 70 Million