Cloetta extends its current bank credit facility
Cloetta has extended its current credit facility with Svenska Handelsbanken AB (publ). The extension means that the loan agreement, which had previously been due in April, 2017, now matures in April 2018. The terms of the extended agreement are unchanged compared to the previous agreement.
The extension occurs while Cloetta at the same time initiates a process to review its long-term financing options in order to optimize the capital structure and total cost of debt.
The information contained in this press release is such that Cloetta is required to disclose pursuant to the Swedish Financial Instruments Trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on 1 June 2016 at 08:00 a.m. CET.
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region, the Netherlands, and Italy. In total, Cloetta products are sold in more than 50 countries worldwide. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 13 production units in six countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com