Stockholm – Perstorp, which makes polyols for polyurethanes, has gained a SEK600m ($73.6m) revolving credit facility. It is backed by Sweden's Export Credit Agency (EKN).
Perstorp granted new credit facility
Perstorp from the current market environment, and will provided liquidity to capture growth opportunities once conditions improve.'
Perstorp added that EKN guarantees 75% of the loan.
CEO Jan Secher said his company has, relative to its size, one of the best liquidity positions among European chemical companies.
'We have ambitious growth plans for when the market recovers from coronavirus,' he said.
Currency translation: XE.com