Solwers Plc, Company Release, 24 August 2026 at 14:15 p.m. EEST
On 24 August 2026, Solwers Plc signed an amendment to the terms of the Group's financing agreement with its principal financing bank.
The maximum threshold for the covenant concerning the ratio of net debt to EBITDA has been temporarily eased as of 30 September 2026.
The maximum threshold under the amended financing agreement will tighten gradually by 30 June 2027, from which date the original covenant level of 3.5x will apply. The minimum equity ratio requirement remains unchanged at 35 percent. In addition, a minimum cash requirement has been added to the agreement. During the restriction period, any acquisitions require the prior consent of the principal financing bank.
The amendment to the financing agreement has no impact on the classification of the Group's loans or their planned maturity dates. According to management's assessment, the Company is expected to comply with the covenant requirements agreed under the amended financing agreement at all testing dates through 30 June 2027. As a result, the financing is expected to remain available, subject to the restrictions on acquisitions. The amendment has no material impact on the Group's liquidity.
Solwers Plc
Board of Directors
Certified Advisor: UB Corporate Finance Oy, ubcf@unitedbankers.fi
Enquiries: Teemu Kraus, CFO, Solwers Plc, teemu.kraus@solwers.com, tel. +358 44 241 0664
SOLWERS PLC IN BRIEF
Solwers is a fast-growing group of consultancy companies that provides architectural design, technical and other consultancy, and project management services locally, close to its clients. Solwers' strategy is based on acquisitions and organic growth, the Group's attractiveness as an employer for professionals in various fields, and the continuous development of expertise. The Group consists of 29 companies operating under their own brands, employing more than 700 experts in Finland, Sweden and Poland. | solwers.com
