Information Technology
Unifiedpost Group announces update on Francisco Partners senior facility loan repayment plan
INSIDE INFORMATION
Unifiedpost Group announces update on Francisco Partners senior facility loan repayment plan
La Hulpe, Belgium – 14 October 2024, 7:00 am. CET – Inside Information - Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost), a leading provider of integrated business communications solutions, will use the proceeds from divestments to fully repay its €100 million Francisco Partners senior facility loan.
Key highlights:
Koen De Brabander, Chief Financial Officer of Unifiedpost, stated, "During this year, we have continued to take steps towards our strategic priorities of growing core digital services, divesting non-core businesses, and strengthening the balance sheet. We successfully completed the divestment of FitekIN and ONEA and signed an agreement for the sale of 21 Grams. Additionally, we announced the sale of the Wholesale Identity Access business in the Netherlands, which presented us with a unique opportunity to crystalise the value of our business and enhance our focus on our core service offering. Furthermore, as communicated during our strategy day in April, we will be using the proceeds from divestments to reduce our net debt. We are pleased to announce that this decision is supported by Francisco Partners, as it marks an important step as we strengthen our position to execute on our strategy, whilst also deleveraging. We would like to thank Francisco Partners for their partnership and support throughout the years.”
Contact:
Alex Nicoll
Investor Relations
Unifiedpost Group
alex.nicoll@unifiedpost.com
Unifiedpost is a leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost's customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost's mission is to make administrative and financial processes simple and smart for its customers. For more information about Unifiedpost Group and its offerings, please visit our website: Unifiedpost Group | Global leaders in digital solutions
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