Kreditfonden offers loans to companies with maturities of 3 to 48 months. We are flexible, local and have short lead times for decisions. Our lending rate is set individually per borrower and depends on maturity, credit risk, collateral and a number of other criteria that you can read more about on this page.
Scandinavian Credit Fund I AB (publ) has signed an agreement for an acquisition loan with the investment company Mimir Invest AB. The loan will be used to finance the purchase of Epiroc's geotechnical drilling products business area, which after being taken over was incorporated by TerraRoc Oy. The acquisition was completed on September 3, 2019.
The loan agreement between Scandinavian Credit Fund I and Mimir Invest follows a traditional acquisition financing to investment companies and runs over four years. The deal has been complex with loan documentation and mortgage structure in several different jurisdictions, as well as access to checking account credit and factoring solutions, which required a good and close dialogue between the borrower and Scandinavian Credit Fund I.
Scandinavian Credit Fund I AB (publ) has signed an agreement for a significant direct loan with Global Scanning A / S. The size of the loan amounts to SEK 235 million and is one of the largest loan agreements entered into by the Fund since its inception in January 2016. The loan will partly be used to refinance an earlier bond holding that Global Scanning informed in a press release dated September 24, 2019.
Global Scanning develops and markets large format scanners in data-based design (CAD), geographical information systems (GIS), reprography, copying services and document archiving under the Contex and Colortrack brands. The company also develops products in 3D scanning. Global Scanning is based in Denmark and global market leader in its product area. The company's sales in 2017 amounted to $ 40 million.
Scandinavian Credit Fund I AB (publ) has taken out a direct loan with the Danish real estate developer Birch Ejendomme. The loan constitutes project financing for the construction of rental properties in Jutland and runs for four years.
Until 2017, Birch Ejendomme has developed rental housing in Jutland for its own book and sold some 20 projects to institutional investors such as Niam, PFA, Koncenton and Crescendo. In connection with the sale of a larger portfolio in December 2018, the buyer financed the transaction through loans in green mortgage bonds. This financing was made possible thanks to the properties meeting the requirements for energy-friendly production. Even in the ongoing project financed by Scandinavian Credit Fund I, the housing meets the energy requirements.
Scandinavian Credit Fund I (“SCFI”) invests only in secured loans. Since the Fund is not a bank, we can be more pragmatic in our lending. We love to be flexible and responsive, but follow a strict credit process that ensures that our investors can be confident that the companies we lend capital to will repay their loans. The companies we lend to are usually based in the Nordic countries and in need of capital for expansion, investment, reorganization, refinancing, seasonal variation in liquidity, bridge financing or other financing between SEK 20-400 million. The duration of our loans is normally in the range of 3 - 48 months.
Below is a summary of the minimum requirements we set for analyzing loan requests to the Fund. Lending situations are rarely the same, but the general recurring requirements are necessary for a successful relationship between the Fund and its partners.
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