United Kingdom

Link Mobility Group: Extended loan agreement with Danske Bank

Thursday, 22 Sep 2016 

Link Mobility Group ASA : Has entered into extended loan agreement with Danske Bank regarding funding of announced acquisitions . Acquisitions include Linus AS in Norway, Globalmouth Marketing AB in Sweden, Labyrintti Group in Finland and Whatever Mobile Group in Germany . After closing of acquisition of Responsfabrikken in Denmark, 64 million Norwegian crowns ($7.77 million) of credit line in Danske Bank of 85 million crowns remained unused; Danske Bank has now increased this funding facility with 62 million crowns, providing total funding of 126 million crowns .Acquisitions are to be financed through LINK-model; a combination of cash on closing, shares in Link Mobility Group ASA and seller's credit.