Cloetta continues the financing through its existing banking group by entering into a new multicurrency term and revolving facilities agreement. Cloetta furthermore resolved to continue its existing commercial paper program.
The terms as agreed in the facilities agreement will come into effect on
- a
SEK 800m term loan repayable on30 June 2023 , with the possibility of extending the facility for an additional two years; -
a
EUR 125m term loan repayable on30 June 2024 , with the possibility of extending the facility for an additional two years; and -
a
EUR 60m revolving credit facility (currentlyEUR 120m ), available up to30 June 2025 , with the possibility of extending the facility for an additional two years.
The commitments under the facilities agreement are split equally between
"We are very pleased with the outcome of the refinancing process and the strong interest from our full banking group to continue to partner with us. Importantly, the structure secures financing and provides additional flexibility for the coming years. We look forward to a continued good co-operation with our banking group", says Frans Rydén, CFO of Cloetta.
Contact
Nathalie Redmo, Head of
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in
https://news.cision.com/cloetta-ab/r/cloetta-refinances-the-group-through-its-existing-banks-for-up-to-four-years,c3330831
https://mb.cision.com/Main/1169/3330831/1405466.pdf
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