The Tellus Group receives a revolving credit facility from its principal owner
Published: December 22, 2023
Bina Holding AB is owned by Vice Chairwoman Narges Moshiri and CEO Bijan Fahimi, both of whom are co-founders of Tellusgruppen AB.
Under the revolving credit facility arrangement, Bina Holding, provided it is able to do so, offers revolving credit on the days and weeks when the Tellus Group requires additional credit. The credit is provided without fixed fees and is repaid once the need has ceased. In return, Bina Holding receives interest at a rate of 15 percent per annum.
Under this arrangement, the Tellus Group can repay the approximately SEK 7 million in external debt financing that the company took on in connection with the acquisition of the parent company Omniglot. This arrangement is conducive to repaying the company’s other debts at a faster pace going forward.
For more information
Bijan Fahimi, CEO of Tellusgruppen AB
bijan.fahimi@tellusgruppen.noboxdesign.se
+46 707 167 453
About Tellusgruppen AB (publ)
The Tellus Group is a long-term owner of well-managed companies in the education and childcare sectors. The Group currently operates 28 preschools and seven elementary schools, and also provides childcare and educational services.
The Tellus Group was founded in 2012 as the parent company of Tellusbarn (Tellusbarn was founded in 2007) and as a platform for future expansion in the education and childcare sector.
The Tellus Group’s business concept is to establish, operate, and develop profitable and growing subsidiaries that offer high-quality, innovative, and in-demand services within their respective fields.
