Dometic Renews its Bank Credit Facilities Agreement and Signs Credit Facility with Svensk Exportkredit
March 31, 2023 at 08:40 am EDT
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Dometic announced that it has refinanced part of its credit facilities agreement with its bank group. The previous agreement covers a first part expiring in 2024 and a second part expiring in 2025. The renewed financing covers: A floating rate term loan of USD 210 million previously expiring in 2024 has been replaced with a USD 220 million floating rate term loan with a 3+1+1 year maturity (3 years with two 1-year extension options).
The revolving credit facility of EUR 200 million previously expiring in 2024 has been replaced with a 3+1+1 year maturity (3 years with two 1-year extension options). In addition, Dometic has signed a 3.5 year floating rate term loan of USD 44 million with Svensk Exportkredit. This is the first loan with Svensk Exportkredit, a further broadening of Dometic's funding sources.
Dometic has decided to refinance the term loan expiring in 2025 at a later stage in order to spread out the refinancing and broaden the exposure.
Dometic Group AB publ is a Sweden-based company that manufactures and supplies mobile leisure products for recreational vehicles, such as motorhomes and caravans, and marine, commercial and passenger vehicles. Its products include awnings, air conditioners, refrigerators, ovens, stoves, windows, lights, doors, sanitation systems, generators, sinks, cooktops, portable fridges and freezers, holding tanks, ovens, sinks, cool boxes, dishwashers, grills, inverters, safes, vacuum cleaners, generators, battery charging systems, wine coolers, and minibars, among others. Its products are sold through multiple distribution channels in around 100 countries under the brands: Dometic, WAECO, Marine Air, Cruisair, Condaria, SeaLand and Mobicool. The Company operates production facilities in Asia, Europe and the United States
DOMETIC GROUP AB 
