Debt structure

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

Net debt as of December 31, 2022

In total, net debt amounted to SEK 2,050m as of December 31, 2022, compared to SEK 1,705m as of December 31, 2021. Long-term borrowings amounted to SEK 2,824m. Short-term borrowings amounted to SEK 69m.

Total borrowings amounted to SEK 2,894m compared to SEK 2,268m as of December 31, 2021. Total borrowings have been negatively impacted by currency revaluations.

Debt maturity

Credit facilities and loans

Electrolux Professional Group has a term loan of SEK 600m with a tenure of seven years from 2020, a sustainability linked loan of EUR 60m with a tenure of seven years from 2021, a syndicated loan facility of EUR 140m with a tenure of 18 months from September 2022 with the possibility of two 6-month extensions, and a revolving credit facility of EUR 200m with a tenure until 2027. As of December 31, 2022, the revolving credit facility was unutilized.

Bonds

Electrolux Professional has no issued bonds.