BRIEF-Axactor buys large unsecured non-performing loan portfolio
March 31 AXACTOR AB (PUBL)
* AXACTOR ACQUIRES A LARGE UNSECURED NON-PERFORMING LOAN (NPL) PORTFOLIO
* INVESTMENTS WILL BE FINANCED BY AXACTOR'S AVAILABLE CASH AND OUR EXISTING CREDIT FACILITIES WITH A 50/50 SPLIT OF EQUITY/DEBT
* CLOSING OF TRANSACTION IS EXPECTED TO BE 21ST APRIL.
* THIS PORTFOLIO ACQUISITION WILL INCREASE AXACTOR'S ERC BY MORE THAN 30%
* PORTFOLIO IS ORIGINATED BY BANK NORWEGIAN IN SWEDEN
* AXACTOR AB (PUBL) - PORTFOLIO INCLUDES UNSECURED CREDIT WITH A TOTAL OUTSTANDING BALANCE (OB) OF APPROXIMATELY EUR 105 MILLION, ACROSS CLOSE TO 15,200 OPEN ACCOUNTS OF INDIVIDUAL LOANS AND CREDIT CARD DEBT Source text for Eikon: Further company coverage: (Gdynia Newsroom)