Musti Group has signed a new committed EUR 20 million revolving credit facility

Musti Group plc                        Stock Exchange Release    17 August 2022 at 1.00 p.m.

Musti Group has signed a new committed EUR 20 million revolving credit facility

Musti Group has finalized the financing package initiated in July 2022 by signing a new committed EUR 20 million revolving credit facility with Swedbank Abp. The revolving credit facility matures in August 2025. It secures Musti Group’s access to financing and acts as a committed backstop for commercial paper program issuances.

The financing arrangements signed in July-August 2022 diversify Musti Group's financing base, optimize financing cost and support the company achieving long-term strategic goals.

Additional information:

Toni Rannikko

CFO, Musti Group

Tel. +358 40 078 8812

Martin Svedholm

Group Treasurer

Tel. +358 50 479 9040

Distribution:
Nasdaq Helsinki
Main media
www.mustigroup.com
 

Musti Group in brief
Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company, and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.

Musti Group’s net sales were EUR 341 million in the financial year 2021. At the end of the financial year 2021, the company had 1,397 employees, 1.3 million loyal customers and 312 stores.