Vinge has advised Danske Bank A/S, Danmark, Sverige Filial in connection with the signing of a new SEK 750 million credit facility for Svenska Retursystem Aktiebolag.
The credit facility has a tenor of three years with built-in extension options and the parties intend to set certain KPIs whereby the interest rate of the credit facility will be conditional on the company’s achievement of certain set sustainability based targets. The funds shall be used to, inter alia, refinance existing debt and for general corporate and working capital purposes.
Svenska Retursystem’s circular system enables food producers, wholesalers, shops and restaurants to work together to optimise the food industry's supply chain.
Vinge’s team consisted of Albert Wållgren, Arvid Weimers and Karl-Gustaw Tobola.