Techstep: New bank agreement and refinancing in place

With reference to the stock exchange agreement of 5 July 2023, Techstep has today signed the agreement with the new bank relation for refinancing of the company’s term loans and credit facilities.

As earlier communicated, the refinancing package increase total available liquidity with NOK 25 million and restructures the interest-bearing debt, increasing long term debt by NOK 50 million with a 50/50 five-year amortisation and five-year bullet, in addition to flexible short term credit facilities.

For further information, please contact:

Ellen Solum, CFO, +47 976 66 717

About Techstep

Techstep is a mobile technology company that enables organisations to perform smartly, securely, and sustainably through combining software, mobile devices and services to meet customers´ business and ESG goals. We are a leading provider of managed mobility services in the Nordics serving more than 2,000 customers in Europe, with an annual revenue of NOK 1.3 billion in 2022. The company is listed on the Oslo Stock Exchange under the ticker TECH. To learn more about us, please visit www.techstep.io.