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BE Group AB ( (SE:BEGR) ) just unveiled an update.
BE Group AB has entered into an updated loan agreement with Skandinaviska Enskilda Banken AB, securing a SEK 775 million revolving credit facility for three years, with an option to extend for two more years. This agreement includes a condition for a preferential rights issue of SEK 143 million, aimed at strengthening the company’s balance sheet. The rights issue is subject to approval at an extraordinary general meeting, with major shareholders AB Traction and Svedulf Fastighets AB committed to supporting the issue, ensuring its full subscription.
More about BE Group AB
BE Group AB operates in the steel distribution and production services industry, focusing on the Nordic markets. The company, along with its subsidiaries, provides a range of steel products and services to its clients.
Average Trading Volume: 4,341
Current Market Cap: SEK529.1M
See more insights into BEGR stock on TipRanks’ Stock Analysis page.