Cloetta enters into new loan agreement and intends to redeem Bonds
Cloetta AB (publ) has entered into a new term and revolving facilities agreement with a group of four banks, amounting in total to the equivalent of SEK 3, 700m (the “Facilities Agreement”) which will be partially used to refinance its existing bank financing. The new financing package includes a bridge loan of SEK 1,000m which Cloetta intends to use to redeem its Senior Secured Notes issued in September 2013. The Facilities Agreement, along with the redemption of the Senior Secured Notes, is expected, excluding one-off expenses, to reduce the group’s net financial items by approximately SEK