The Nordic Investment Bank (NIB) and the Danish mid-cap SP Group A/S have signed a 7-year loan agreement of DKK 100 million (EUR 13.4 million) to support the company’s organic growth.
SP Group expects more than 20% organic growth in 2017–2019. The loan will finance investments to support this growth by increasing the share of SP Group’s own products in total sales, continuing internalisation efforts, further enhancing efficiency and investing heavily in new processes, technology and people.
The loan is in line with NIB’s revised strategy of advancing lending to mid-cap companies in order to fuel investment and innovation.
Founded in 1972, SP Group A/S manufactures and supplies moulded plastic components and coatings in more than 80 countries. The Danish mid-cap serves the healthcare, clean-tech and food-related sector and employs approximately 1,600 people.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Mr Vagn Lundhøj, Senior Manager, Origination, at +358 10 618 0370,
Ms Iben Hjorth, Communications Unit, at +358 10 618 0235,
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