Credit market

Gränges' treasury function ensures that the Group’s financing is secure 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 term loans and bonds issued under the Group’s MTN program. As at 31 December 2018, the interest-bearing debt amounted to SEK 2,632 (2,791) million. The outstanding amount of term loans corresponded to SEK 1,712 million, whereof SEK 200 million is due in 2019. Gränges issued two bonds of SEK 300 million each during the third quarter of 2018. Both with floating rate interest and tenors of 3 and 5 years respectively.

The main loan facilities are a multi-currency revolving credit facility of SEK 2,000 million which is due 29 March 2022 with an option to prolong for two years, a revolving credit facility of USD 50 million due 29 March 2022 and an USD 100 million Term Loan due 29 March 2024.

Gränges has a commercial paper program available in Swedish Krona with a framework amount of SEK 1,500 million. A total of SEK 250 million of Commercial papers was issued as per 31 December 2018.

MTN Program

Gränges established an MTN Program (Medium Term Notes) with a framework amount of SEK 3 billion on August 30, 2018. The prospectus has been approved by Finansinspektionen, the Swedish financial supervisory authority, and is also available at www.finansinspektionen.se.

For further information, please contact:
Johan Dufvenmark, VP Group Treasury & Investor Relations
Gränges AB
Phone: +46 705 97 43 75


Documents

Prospectus:   

Grundprospekt 2018-08-30

Final terms:  

Loan no. Date Tenor Amount
101 20 September 2018 3 years 300 MSEK
102 20 September 2018 5 years 300 MSEK