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 and was amended and restated on 27 October 2022. Cloetta furthermore resolved to continue its existing commercial paper program.
The Facilities Agreement comprises:
- a SEK 800m term loan repayable on 30 June 2024, with the possibility of extending the facility for an additional year,
- a EUR 125m term loan repayable on 30 June 2025, with the possibility of extending the facility for an additional year,
- a EUR 60m revolving credit facility available up to 30 June 2026, with the possibility of extending the facility for an additional year,
- a EUR 60m revolving credit facility available up to 27 October 2026, with the possibility of extending the facility for an additional year; and
- a EUR 100m term loan available up to 27 October 2025, with the possibility of extending the facility for an additional two years