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Quant AB

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Prenumeration

Quant AB (publ) exploring refinancing options
2024-07-10 16:00:00

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

As highlighted in its interim financial statements for the first quarter of 2024, Quant AB (publ) (“Quant”) and its subsidiaries (together with Quant, the “Group”) nearly doubled EBITDA and secured significant contract renewals during 2023 and is now focused on growing its contract portfolio beyond EUR 200 million.

Quant’s senior secured floating rate bonds with ISIN: SE0010663260 and its revolving credit facility are maturing in November 2025 and November 2024 respectively. The Group has therefore appointed Deloitte as financial adviser and White & Case LLP as legal adviser to explore potential refinancing solutions and intends to commence constructive discussions with potential financing providers as well as its existing creditors over coming weeks.
 
Stockholm, 10 July 2024

Quant AB (publ) 

For further information, please contact: 

Tomas Rönn, CEO: +46 720 92 11 20
Madelene Kärvin Nilsson, CFO: +46 72 092 80 08
E-mail: ir@quantservice.com 

Quant AB (publ) is a global leader in industrial maintenance. We keep machines working through smart services for a sustainable world. For more than 35 years, we have been maintaining and improving the safety, production, and equipment performance for over 400 facilities world-wide. Quant employs 2,700 people and operates in 12 countries across Europe, Middle East, and the Americas. The parent company is located in Stockholm, Sweden. For more information about the group, please visit www.quantservice.com.

This information is information that Quant AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-10 16:00 CEST.

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Quant AB (publ) exploring refinancing options

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