Oriflame Cosmetics Refinances Credit Facilities totalling €430m

Oriflame Cosmetics S.A. has signed two Revolving Credit Facilities, amounting to €430m in total with its core relationship banks. A €330m five-year Revolving Facility was joined by ING, HSBC Bank plc, Nordea, RB International and SEB. A €100m one-year Revolving Facility was joined by Nordea and SEB.

The Facilities will be used for general corporate purposes and will refinance Oriflame’s existing credit facilities of €400m (signed December 2009).

“This is a step to further strengthen the bonds with our core banks which enables us to ascertain the company's long term financing while decreasing our financing costs at the same time”, Gabriel Bennet, CFO at Oriflame Cosmetics S.A., comments.

The Facility was co-ordinated by Nordea and SEB, who also acted as Bookrunners and Mandated Lead Arrangers together with ING and HSBC Bank plc. RB International participated as a Lead Arranger.

ING, Mandated Lead Arranger and Bookrunner
HSBC Bank plc, Mandated Lead Arranger and Bookrunner
Nordea, Bookrunner, Joint Co-ordinator and Mandated Lead Arranger
RB International, Lead Arranger
SEB, Bookrunner, Joint Co-ordinator and Mandated Lead Arranger

For additional information, please contact:
Gabriel Bennet, CFO                                                      +41 798 263 713
Patrik Linzenbold, Sen. Director IR (until 1 June)              +46 765 422 709
Joakim Banestig, Sen. Director IR                                   +41 79 103 35 21
Jonas B. Lind, Nordea                                                    +46 70 666 29 82
Micael Ljunggren, SEB                                                   +46 70 772 32 17

 
Oriflame Cosmetics is an international beauty company selling direct. The company began operations in 1967 in Sweden and has today a presence in over 60 countries worldwide. Oriflame offers a wide portfolio of Swedish, natural, innovative, quality beauty products at affordable prices. To-date Oriflame has over 3.5 million consultants worldwide with annual sales of €1.5 billion. Oriflame offers the leading business opportunity for people who want to start making money the same day they join and then grow into a leadership role and fulfil their personal dreams and ambitions. Oriflame is listed on NASDAQ OMX Stockholm since 2004.