Intrum Justitia AB Renegotiates Financing Agreements

Intrum Justitia AB announced that it has renegotiated parts of the Group’s bank financing. The current syndicated loan facility of SEK 4 billion is extended with a three-year facility of SEK 1 billion that matures in 2015. The new bank loan, like the existing one, is a revolving credit facility, on market terms with regard to borrowing costs and, in other regards, on the same terms as the existing loan facility. Intrum Justitia thus has confirmed bank loans totaling SEK 5 billion, of which SEK 1.6 billion had been utilized as per March 31, 2012. The maturity structure of the existing loan facility of SEK 4 billion has been adjusted from maturing in its entirety in 2016, to SEK 1 billion maturing in 2015, SEK 2 billion in 2016 and SEK 1 billion in 2017. Intrum Justitia also has a bond loan of SEK 1 billion that matures in 2017. The earlier loan facility entailed a limit on the long-term loan financing Intrum Justitia could raise of SEK 6 billion. The new loan agreements allow the Group to raise long-term financing of SEK 8 billion. Consequently, Intrum Justitia’s total long-term loan financing consists of confirmed loan facilities from banks of SEK 5 billion, a bond loan of SEK 1 billion within the framework of an MTN program of up to SEK 3 billion. Furthermore the Group has the possibility to raise short-term financing through a commercial paper program of up to SEK 1.5 billion.