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Zalaris ASA ( (DE:81Y) ) just unveiled an announcement.
Zalaris ASA has secured a EUR 40 million revolving credit facility from Nordea to refinance its existing bond loan, which is expected to reduce annual interest expenses by NOK 16-18 million. This financial maneuver is anticipated to enhance earnings per share and reflects Zalaris’s strategic efforts to optimize financial operations, potentially strengthening its position in the market and benefiting stakeholders.
More about Zalaris ASA
Zalaris is a global provider specializing in cloud-based Payroll and Human Capital Management (HCM) solutions. The company aids international organizations in optimizing HR processes through a unified platform called Peoplehub, which emphasizes efficiency, transparency, and regulatory compliance. With a workforce of over 1,200 employees across 18 countries, Zalaris supports businesses in more than 150 countries, focusing on simplifying HR operations to foster strategic growth and long-term value.
Average Trading Volume: 74,620
Current Market Cap: NOK1.9B
Learn more about 81Y stock on TipRanks’ Stock Analysis page.