Invisio Communications receives financial loan from Alecta

INVISIO Communications borrows from Alecta

INVISIO Communications AB, "INVISIO", has agreed with the pension company Alecta for a loan of 10 million Kroner, about 1,1 Mio Euro. The loan is for one year and must be paid back to Alecta in January 2013. Alecta have the option to terminate the loan as early payment. The loan carries 12.5 per cent interest.

INVISIO has provided security in the form of secondary pledge of shares in the subsidiary, Nextlink IPR AB. The loan is part of the financing solution that INVISIO reported recently in a recent press release. Alecta now controls more than 10 percent of the shares and votes in INVISIO.

Source: INVISIO Communications