Kamux Corporation has signed a new EUR 50 million secured long-term debt facility agreement with Nordea Bank Abp. This new debt facility replaces the previous 5-year credit facility agreement that matures in March 2025. The new financing arrangement has a 36-month maturity with 12 or 24-month extension options. The financing package includes a EUR 20 million term loan and a EUR 30 million revolving credit facility (“RCF”). The funds raised via this arrangement will be used for the Group’s general corporate and net working capital purposes. Following the drawdown of the financing on December 18, 2024, a total of EUR 10 million of the term loan and a total of EUR 12 million of the RCF will be utilized.
 
The facility is linked to sustainability criteria with targets set on average carbon emissions (CO2) of the cars sold by Kamux and on its customer satisfaction (Net Promoter Score, NPS), the achievement of which will have an impact on the interest margin. In addition, the financing arrangement has two covenants: equity ratio and the ratio of Net Debt to EBITDA.
 
In conjunction with this agreement, there is also an additional EUR 20 million uncommitted accordion facility for funding additional growth. This accordion facility is however subject to a separate credit decision by the bank.
 
For more information, please contact:
Jukka Havia, Chief Financial Officer, tel. +358 50 355 3757
 
Kamux Corporation
Communications
 
Kamux is a retail chain specialized in preowned cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has a total of 71 car showrooms in Finland, Sweden and Germany. Since its founding in Hämeenlinna, Finland, in 2003 the company has sold over 500,000 used cars, 68,257 of which were sold in 2023. Kamux’s revenue in 2023 was EUR 1,002 million and its average number of employees was 885 in terms of full-time equivalent employees. Kamux Corporation is listed on Nasdaq Helsinki Ltd. For more information, please visit www.kamux.com