Swedish refrigeration wholesaler Beijer Ref has established a 7 billion Swedish Kronor debt program to fund future acquisitions, the company said Thursday.
The Medium Term Note program, which has been approved by the Swedish Financial Supervisory Authority, is intended to support the company's long-term growth strategy.
"The establishment of the MTN program is a natural next step in our financing strategy," Chief Financial Officer Joel Davidsson said in a statement.
"It enables a more flexible and diversified financing base for continued long-term value creation through acquisitions."
The move follows a history of expansion through acquisitions, including the purchase of Heritage Distribution in 2023, which was financed with a bridge facility of approximately 13.6 billion Swedish Kronor.
Beijer Ref recently reported a record-high operating margin for its second quarter.
Handelsbanken arranged the program, with Nordea and Danske Bank also acting as issuing agents, according to the company.
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