Swedavia secures financing through Nordic Investment Bank

posted on 10th December 2020 by Parveen Raja
Swedavia secures financing through Nordic Investment Bank

Swedavia and the Nordic Investment Bank (NIB) have signed a SEK 500 million loan agreement.

The seven-year SEK 500 million (approximately EUR 49 million) loan agreement is a Covid-19 response loan aimed at facilitating financing for industries heavily impacted by the coronavirus pandemic.

“The loan helps to further strengthen our liquidity at a time when the Covid-19 pandemic is having a dramatic effect on both air travel and Swedavia’s operations,” says Mats Påhlson, Swedavia’s chief financial officer.

During the period January-October, the number of passengers at Swedavia’s airports decreased by about 72 per cent to nearly 9.5 million passengers. For the period January-September, Swedavia reported an operating loss excluding restructuring costs and capital gains of nearly 1.1 billion kronor.

Photo: Victoria Ström.