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.

For further information, please contact the Swedavia Press Office at +46 (0)10-10 90 100 or press@swedavia.se.