SEK participates in Scandic's new 7.5 billion SEK financing framework
Swedish Export Credit Corporation (SEK) is among the lenders in a new 7.5 billion SEK financing framework for Scandic Hotels Group. The agreement aims to strengthen the company's financial flexibility.
Swedish Export Credit Corporation (SEK) has joined a new long-term financing framework for Scandic Hotels Group, valued at 7.5 billion SEK. The agreement, effective July 2, is designed to enhance the hotel company's financial flexibility and support its growth strategy.
The financing is structured with an initial term of three years, including options for extension. This framework is intended to provide financial backing for Scandic's strategic initiatives, including its planned acquisition of Dalata Hotel Group.
A representative from SEK stated that Scandic is a strong Nordic company with a clear growth strategy. SEK's participation aims to provide long-term financing that improves the company's financial capacity.