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Press Releases & News

Loomis makes strategic acquisition in the US by acquiring Burroughs

Loomis AB has, through its wholly owned subsidiary Loomis US Holding Inc, entered into an agreement to acquire 100 percent of Burroughs, Inc for an initial purchase price of USD 72 million (SEK 695 million) on a cash and debt free basis, plus a potential earn-out. The acquisition is in line with Loomis' communicated strategy to broaden its ATM and Automated Solutions service offering by acquiring new capabilities.

Loomis has issued SEK 1,000 million of Sustainability-Linked Bonds

Loomis AB (publ) has successfully issued SEK 1,000 million of sustainability-linked bonds. The bonds are issued with four-year maturity with maturity date on the 19th of May 2027. SEK 650 million of the new bonds have a floating interest rate of 3-month Stibor plus 1.95 percentage points. And SEK 350 million have a yearly fixed rate coupon at 4.923%. The proceeds will be used for general corporate purposes and to refinance loans.

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