Credit market

Gränges treasury function ensures that the Group has secured financing through managing the Company’s loans, lines of credit and liquidity as well as to ensure that the financial exposure is in line with the Group’s treasury policy.

Gränges financing mainly consists of a multi-currency credit facility of SEK 1,200 million, and term loans with banks. As at 31 December 2017 interest bearing debt amounted to SEK 2,791 (3,321) million.

Gränges has an MTN program (Medium Term Note) with a frame amount of SEK 3,000 million. The Gränges also has a commercial paper program available in Swedish Krona with a frame amount of SEK 1,500 million.

The revolving facility is due in August 2020 and the term loans are due year 2021.