Our Successful Refinancing | EcoOnline

Successful Refinancing

Published November 11, 2021

1 minute read

EcoOnline has entered an agreement for the complete refinancing of its current debt at highly improved terms through ESG linked notes. The agreement also includes additional committed financing facilities for potential future acquisitions.


With the new agreement, which has a total credit framework of EUR 150 million, EcoOnline succeeded in decreasing the interest rate from 9.5 percent to 5.95 percent. 

"EcoOnline has, with this new debt frame, both lowered interest costs significantly and secured access to further financing of our growth journey. With almost half the interest rate, we will also be able to realize our innovative strategies even faster and enable to increase our staff with more talented professionals," says Göran Lindö, CEO of EcoOnline.

The financing is provided by Ture Invest AB, a leading direct lending provider in the Nordics, and for software companies in Europe with ca. EUR 1 billion in AUM. 

"EcoOnline's clear focus on EHS fit our ESG criteria well, and we are pleased to offer a margin discount as the company develops its ESG goals. We are impressed by the organic growth generated complemented by the strategic acquisitions executed. We look forward to continuing to support EcoOnline as a debt financing partner," says Martin Torell, Partner at Ture Invest.

"I am pleased with continuing our close cooperation with Ture Invest, which has followed our development over the last 3,5 years, and that they clearly with these renewed terms confirms our ESG contribution," says Lindö.

EcoOnline has a solid cash position of NOK 413 million and positive cash flow from operations. Today, the company has approximately NOK 350 million in interest-bearing debt in SEK notes from the financing of previous acquisitions, which is now being refinanced at favorable terms. In addition, new financing facilities for potential further acquisitions are obtained, but no additional debt is taken out at this point.

For more information, please contact:
Siw Ødegaard, CFO and Head of IR of EcoOnline
Tel: + 47 95 75 98 48
Email: siw.odegaard@ecoonline.com

Please note: this article is based upon a stock exchange announcement and thereby, according to the EU Market Abuse Regulation, is considered inside information and is subject to the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act.

Author Helene Brodersen

Helene works as Head of ESG & Sustainability. She is passionate about connecting EcoOnline's solutions with the higher purpose of creating safer and more sustainable workplaces for people and the environment. As a former journalist, she dedicates her writing to translating complex topics into easy-to-read and engaging stories. Helene also holds a degree in Sustainability.

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