Electrolux Professional Group has signed a new EUR 240m syndicated revolving credit facility (RCF), refinancing the current undrawn EUR 200m credit facility signed in 2020. The new five-year RCF has two one-year extension options providing further flexibility and will serve as a backup facility.
The successful transaction was supported by a strong syndicate of six banks, including the addition of one new lender. The refinancing is a key component of Electrolux Professional Group's ongoing strategy to reinforce its financial position and maintain a prudent, flexible capital structure. The agreement does not contain any financial covenants.
Skandinaviska Enskilda Banken AB (publ) acted as coordinator and agent. Danske Bank A/S, Deutsche Bank Luxembourg S.A., HSBC Continental Europe, Intesa Sanpaolo S.p.A. - Amsterdam Branch, and Citibank, N.A. London Branch acted as mandated lead arrangers and bookrunners.
For more information, please contact Paulo Kubis, Head of Treasury, treasury@electroluxprofessional.com or Jacob Broberg, Chief Communication & Investor Relations Officer +46 70 190 00 33
Electrolux Professional Group - meeting needs beyond tomorrow
Electrolux Professional Group is the sustainability leader in our industry and one of the leading global providers of food service, beverage, and laundry equipment for professional users. Our innovative products and worldwide service network make our customers' work-life easier, more profitable - and truly sustainable every day. Our solutions and products are sold in over 110 countries. In 2024, the Electrolux Professional Group had global sales of SEK 12.5bn and approximately 4,300 employees. Electrolux Professional's B-shares are listed at Nasdaq Stockholm. For more information, visit https://www.electroluxprofessionalgroup.com