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Debt structure

Cloetta’s loan portfolio consists of bank loans from a group of four banks (Danske Bank, DNB, Skandinaviska Enskilda Banken and Svenska Handelsbanken) in SEK and EUR currencies and a commercial paper program in SEK.

Cloetta continued the financing through its existing banking group by entering into a new multicurrency term and revolving facilities agreement which came into effect on 30 June 2021. Cloetta furthermore resolved to continue its existing commercial paper program.

The Facilities Agreement comprises:

  • a SEK 800m term loan repayable on 30 June 2023, with the possibility of extending the facility for an additional two years,
  • a EUR 125m term loan repayable on 30 June 2024, with the possibility of extending the facility for an additional two years; and
  • a EUR 60m revolving credit facility available up to 30 June 2025, with the possibility of extending the facility for an additional two years.

Total net debt

Cloetta´s total net debt is reported here.