RakeTech repays its previous loan facility in full

5 March 2019

(PRESS RELEASE) -- As a final step in optimizing its capital structure post-IPO, RakeTech has repaid the outstanding debt of €7.7 million from its previous loan facility. As a result of the payment, Raketech decreases its financial expenses by approximately €0.2 million per quarter.

Since Raketech’s IPO in 2018, the company has prioritized optimizing its capital structure by settling the existing loan and securing more favorable bank financing. The company entered an agreement with Swedbank in December for a revolving credit facility of €10 million.

Andreas Kovacs, CFO at Raketech, commented, “To have successfully cleared our former loan facility is a milestone for Raketech’s finance strategy. We now have optimal conditions to carry out additional acquisitions, with lower financial expenses over time.”

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