Intrum Justitia AB: Intrum Justitia Strengthens Bank Credit Facility

Regulatory News:

Intrum Justitia (STO:IJ) has renegotiated its revolving credit facility with Nordea and Swedbank, in order to improve the group’s financial flexibility. The main changes are summarized below:

· The facility has been increased to SEK 7.5 billion, compared to previously SEK 5 billion. The utilization of the facility amounted to SEK 1.8 billion as of 30 September 2015.

· The maturity structure has been extended. For the new facility, SEK 2.5 billion will mature in the fourth quarter of each of 2018, 2019 and 2020. The previous facility matured by SEK 2 billion in each of 2017 and 2018 and by SEK 1 billion in 2019.

· Previously, the facility allowed the group to raise long-term financing up to a maximum of SEK 10 billion. The new facility does not include such a restriction.

Consequently, Intrum Justitia’s total long-term loan financing consists of confirmed loan facilities from banks of SEK 7.5 billion and bond loans of SEK 3 billion within the existing MTN program of up to SEK 5 billion. The Group also has a commercial paper program for short-term financing of up to SEK 1.5 billion, which was utilized at SEK 0.8 billion as of 30 September 2015.

The new credit facility implies that certain capitalized fees related to the previous facility will be written off, which will imply a charge of SEK 13 million to the financial net for the fourth quarter of 2015.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,800 employees in 20 markets. Consolidated revenues amounted to about SEK 5.2 billion in 2014. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002. For further information, please visit www.intrum.com

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