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Loan agreement with European Investment Bank (EIB)

Press release 2023-04-27

Atea ASA has entered into a new loan agreement for EUR 50,000,000 with the European Investment Bank. Atea will draw the loan in a single tranche during the coming month. The loan is unsecured and must be repaid within a term of six years. The final rate of interest will be determined on the disbursement date.

The European Investment Bank is the world’s largest multilateral lender and is owned by the European Union Member States. The EIB supports projects that promote the priorities and objectives of the European Union. These objectives include Climate and Environmental Sustainability and Innovation, Digital and Human Capital.

This is the second loan Atea has received from the European Investment Bank. The first loan was entered in May 2018 and will mature in May 2023. Proceeds of the new loan will be used to finance expansion and innovation within Atea’s cloud computing offering, enhancements to the company's IT platforms, and investments in Atea’s logistics center and IT recycling facility.

“We are very grateful that the EIB has chosen to support our expansion programs and are committed to work toward the EU’s goals with regard to data autonomy, data sovereignty and the environment,” commented Robert Giori, Chief Financial Officer.

For further information, please contact:
Robert Giori, Chief Financial Officer Atea ASA, mobile (+47) 934 09 188

About Atea
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions. Atea is present in 88 cities with over 8,000 employees in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware and software from leading global vendors, and provides consulting and technical services to support its customers with the design, implementation and operation of their IT environments. Atea had gross sales of approximately NOK 47 billion (EUR 4.6 billion) in 2022 and is listed on Oslo Stock Exchange.