Stillfront Group has signed an amended unsecured revolving credit facility (RCF) of SEK 2.0 billion with maturity in June 2028. The amended facility replaces the group’s previous SEK 2.5 billion unsecured RCF and, according to the company, improves its debt maturity profile. Stillfront also states that the redemption date for its existing senior unsecured floating rate bonds (ISIN SE0020846624) maturing in 2027 has occurred in line with earlier communications. The company notes that the facility was “right-sized” to SEK 2.0 billion following a new SEK 1.0 billion bond issue, and that commitment fees have been reduced. The amended facility is supported by DNB Bank ASA (Sweden Branch), Nordea Bank Abp (filial i Sverige), and Swedbank AB (publ), with Mannheimer Swartling acting as legal adviser.
Official source: https://www.stillfront.com/en/stillfront-secures-an-amended-unsecured-revolving-credit-facility-of-sek-2-0-billion-in-connection-with-bond-redemption/
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