Credit market

Gränges' treasury function ensures that the Group’s financing is secured by managing the loans, lines of credit and liquidity and that the financial exposure is in line with the Group’s financial policy.

Gränges' financing mainly consists of term loans, credit facility loans, commercial papers and bonds issued under the Group’s MTN program. As at 31 December 2020, the interest-bearing debt amounted to SEK 4,235 (3,853) million, whereof SEK 2,184 is due in 2021.

The main loan facilities are a multi-currency revolving credit facility of SEK 2,000 million which is due 29 March 2023 with an option to prolong for one year, 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 840 million of Commercial papers was issued as per 31 December 2020.

MTN Program

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

Documents

Prospectus:   

Grundprospekt 2018-08-30

Final terms:  

For further information, please contact:

Johan Dufvenmark, VP Group Treasury & Investor Relations
Phone: +46 705 97 43 75
johan.dufvenmark@granges.com