KH Group’s target company Nordic Rescue Group has amended its financing agreement and agreed on follow-on investments
19 Mayo 2023 - 9:55AM
KH Group’s target company Nordic Rescue Group has amended its
financing agreement and agreed on follow-on investments
KH Group PlcPress Release 19 May 2023 at 5:55 pm EEST
KH Group’s target company
Nordic Rescue Group has
amended its financing agreement
and agreed on
follow-on investments
KH Group’s target company Nordic Rescue Group Oy (“NRG”) has
today signed an amended financing agreement and received
commitments from its main owners on EUR 1.5 million follow-on
investments. Amendments to financing agreement including covenant
levels among others, and follow-on investments strengthen NRG’s
balance sheet after ceasing the rescue lift business.
KH Group Plc’s share of the follow-on investment in NRG is EUR
0.75 million (50%). The investment will be made in installments by
the end of June 2024.
KH GROUP PLC
FURTHER INFORMATION: CEO Ville Nikulainen, tel. +358 400 459
343
DISTRIBUTION: Major mediawww.sievicapital.fi
Sievi Capital is now a conglomerate with a new name KH Group.
Our medium-term objective is to become an industrial group built
around the business of KH-Koneet Group. KH Group’s share is listed
on Nasdaq Helsinki.
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