Debt information

Prior to the separation of Electrolux Professional from AB Electrolux, Electrolux Professional has primarily been funded by AB Electrolux.

On February 21, 2020, Electrolux Professional entered into a EUR 250m multicurrency revolving credit facilities agreement with its core-banking group, with Skandinaviska Enskilda Banken AB (publ) as arranger. The tenor for the facility is five years (with two extension options, in each lender’s sole discretion) and the available optional currencies, in addition to EUR, is SEK, CHF and USD. The facility does not contain any financial covenants or any dividend restrictions.

On March 6, 2020, Electrolux Professional entered into a SEK 600m bilateral term loan with AB Svensk Exportkredit. The main objective of the loan is to facilitate repayment of the loans granted to Electrolux Professional by Electrolux prior to the separation. The tenor for the term loan is seven years. The term loan does not contain any financial covenants or any dividend restrictions.