Yesterday, April 21st, the group signed a new agreement with SEB and Danske Bank. The agreement concerns replacing the old loans with a new credit facility. This involves a total of 2 billion Swedish kronor that the company can use in several different currencies over the next three years, with the possibility of extending the agreement for another two years.
The total amount the company can borrow, however, remains unchanged at 2.3 billion Swedish kronor.
Lowers the Price Tag on Loans
The new loan is entirely unsecured. This is because the company is on a more secure financial footing today. For BHG, this directly leads to lower financing costs, while also eliminating several of the obstacles that existed in the previous agreement.
Replacing the loan does, however, incur a one-time expense, and the company will book a cost of 1.6 million Swedish kronor to clear the old agreement.
We have, through close and constructive collaboration with SEB and Danske Bank, agreed on a new loan agreement that lowers our financing costs and confirms the strengthened financial position we have built up in recent years. This gives us long-term conditions to continue implementing our strategy with a focus on profitable growth, says Gustaf Öhrn, CEO of BHG.
Recently, the company closed the books for 2025 with a turnover of 10.6 billion Swedish kronor and an operating profit of 386.7 million Swedish kronor.