Rottneros enters new financing agreement
Rottneros will request utilization of the term loan of SEK 150 million on 19 July 2021, for the purpose of refinancing all of its outstanding bonds with ISIN SE0010297804 (as announced by way of press release on 8 July 2021).
The revolving credit facility will be applied towards general corporate purposes, as needed.
The term loan and any revolving credits incurred under the facilities agreement, will accrue interest based on STIBOR 3 months plus a margin. The new financing is estimated to decrease Rottneros’ financing costs with approximately SEK 13 million on an annual basis.
The term of the loan and the facilities agreement is two years. However, the facilities agreement provides for an extension option.
The early redemption of the bonds will entail a one-off cost of SEK 10 million, which will be recognized as a financial cost during the third quarter 2021.
For further information, please contact:
Monica Pasanen, CFO, Rottneros AB
+46 (0)270 622 70, email@example.com
This is information that Rottneros is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 9.00 (CEST) on 14 July 2021.