This concerns a flexible credit line with an initial term of two years. The new agreement replaces the e-commerce company's previous check credit of SEK 170 million.
In connection with this, the check credit is reduced to SEK 50 million, a space that will function as a buffer for temporary fluctuations in cash flow going forward.
Debt Does Not Increase
The company does not expect the new solution to lead to total loans exceeding current levels. The purpose of the agreement is instead to create a clearer overview of capital and secure financing for future projects.
The structure should also give the e-commerce group room to act quickly if new business opportunities arise in the market.
This new credit facility gives us greater financial flexibility without increasing debt. It gives us the right conditions to continue growing according to plan, says Peter Deli, CFO of Haypp Group.