Brief: Axactor Combines Third Party Collection With A Forward Flow Agreement

Axactor ASA

01/08/2019 06:34

Aug 1 (Reuters) - Axactor SE  AXAC.OL :
    * AXACTOR COMBINES THIRD PARTY COLLECTION WITH A FORWARD
FLOW
AGREEMENT
    * AXACTOR COMBINES THIRD PARTY COLLECTION WITH A FORWARD
FLOW
AGREEMENT
    * COMPLEMENTED ITS EXISTING FORWARD FLOW AGREEMENTS, BY
ADDING
ANOTHER AGREEMENT WITH A NEW CLIENT IN NORWAY
    * ANNUAL VOLUME IS EXPECTED TO BE CLOSE TO 15 MEUR ACROSS
1.500
CLAIMS
    * CONTRACT INCLUDES AN INITIAL PERIOD OF THIRD PARTY
COLLECTION,
PRIOR TO ACQUIRING CLAIMS.
    * CONTRACT PERIOD IS FOR 18 MONTHS, STARTING IN AUGUST 2019
    * INVESTMENT WILL BE FINANCED BY AXACTOR'S AVAILABLE CASH
AND OUR
EXISTING CREDIT FACILITIES

Source text for Eikon:  ID:nObiGN6g8a 
Further company coverage:  AXAC.OL 

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