Loomis AB has signed an agreement for a syndicated, revolving credit facility of EUR 150 million. The facility has a tenor of three years with two extension options of one year each. The facility replaces an existing revolving credit facility originally maturing in January 2024.
Loomis achieved all-time high revenues and operating profit in the third quarter. Revenues in Europe and Latin America have returned to pre-pandemic levels with the opening of societies and increased tourism and travel. The automated solutions with SafePoint in the USA have continued to be successful. Loomis Pay transaction volumes continued to grow and the pilot project in Spain developed according to plan.
The board of directors of Loomis AB resolved, and communicated, on July 21, 2022, to continue to repurchase own shares during the third quarter 2022.