Electrolux Professional has signed a new EUR 140m syndicated Term Loan Facility.
The facility is for general corporate purposes and will be used to restore the current Revolving Credit Facility to its full EUR 200m capacity. The company’s net debt will not increase as a result of the new Loan Facility.
The loan has a tenure of 18 months from September 29, 2022, with the possibility of two 6 months extensions. The loan has no financial covenants.
Danske Bank A/S is the coordinating mandated lead arranger and bookrunner and Citibank Europe plc, HSBC Continental Europe, Intesa Sanpaolo S.p.A. – Amsterdam Branch and Skandinaviska Enskilda Banken (publ) are mandated lead arrangers and bookrunners.
For further information, please contact Jacob Broberg, Chief Communication & Investor Relations Officer +46 70 190 00 33