March 31, 2017 / 5:57 AM / in 4 months

BRIEF-Axactor buys large unsecured non-performing loan portfolio

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March 31 (Reuters) - AXACTOR AB (PUBL)

* AXACTOR ACQUIRES A LARGE UNSECURED NON-PERFORMING LOAN (NPL) PORTFOLIO

* INVESTMENTS WILL BE FINANCED BY AXACTOR'S AVAILABLE CASH AND OUR EXISTING CREDIT FACILITIES WITH A 50/50 SPLIT OF EQUITY/DEBT

* Closing of Transaction Is Expected to Be 21st April.

* THIS PORTFOLIO ACQUISITION WILL INCREASE AXACTOR'S ERC BY MORE THAN 30%

* Portfolio Is Originated by Bank Norwegian in Sweden

* AXACTOR AB (PUBL) - PORTFOLIO INCLUDES UNSECURED CREDIT WITH A TOTAL OUTSTANDING BALANCE (OB) OF APPROXIMATELY EUR 105 MILLION, ACROSS CLOSE TO 15,200 OPEN ACCOUNTS OF INDIVIDUAL LOANS AND CREDIT CARD DEBT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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