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Intrum Justitia AB ( (SE:INTRUM) ) has issued an update.
Intrum Justitia AB has announced the results of its tender offers for senior secured exchange notes issued by its subsidiary, Intrum Investments and Financing AB. The company accepted €119,605,385 in aggregate principal amount of the notes, with a purchase consideration of €112,500,000. This transaction is part of Intrum’s strategy to improve its debt profile by repurchasing debt at a discount, thereby strengthening its financial position and balance sheet. The completion of this debt buyback program marks a significant step in Intrum’s recapitalization efforts, with all proceeds from the New Money Notes now fully utilized.
The most recent analyst rating on (SE:INTRUM) stock is a Hold with a SEK37.00 price target. To see the full list of analyst forecasts on Intrum Justitia AB stock, see the SE:INTRUM Stock Forecast page.
More about Intrum Justitia AB
Intrum Justitia AB operates in the financial services industry, specializing in credit management services. The company provides debt collection and purchase services, focusing on enhancing financial stability for its clients.
Average Trading Volume: 863,365
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK5.12B
See more insights into INTRUM stock on TipRanks’ Stock Analysis page.