Novem Group S.A. Secures Loan Extension Amid Market Challenges

Novem Group S.A., based in Luxembourg, has successfully extended its syndicated loan facilities. The total volume reaches €210.0 million, comprising a €160.0 million term loan and a €50.0 million revolving credit. The extension carries a new maturity date of 30 June 2028 and adheres to market standard margins. This financial maneuver reduces Novem’s term debt by €90.0 million.

The extension provides Novem with a stable financial platform, vital in the current challenging market environment. Contractual regulations linked to the facilities impact dividend distributions, prompting the management to propose no dividends for the financial years 2025/26 and 2026/27, aiming to maintain financial stability.