Basware Corporation, stock exchange release, December 30, 2016 at 09:00
Basware signs new term loan financing totaling EUR 25 million
Basware has signed new term loan financing totaling EUR 25 million. The financing consists of two facilities, one with a final maturity in 2021 and one with a final maturity in 2018. The use of proceeds of both facilities is for general working capital purposes of the company.
"These additional loan facilities increase Basware's liquidity position and will enable us to further support Basware's growth strategy", says Niclas Rosenlew, CFO, Basware Corporation.
For more information, please contact:
Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, email@example.com
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware's commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com/investors.
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