Tokmanni Group Corporation has signed a new EUR 325 million long-term financing agreement

Tokmanni Group Corporation     Stock exchange release     20 December 2024 at 9:00 a.m.

Tokmanni Group Corporation has signed a new EUR 325 million financing agreement. The new financing arrangement replaces the financing arrangement that was signed in 2021. The financing arrangement has a maturity of three years with two one-year extension options.

The financial package includes a EUR 250 million bank loan and EUR 75 million revolving credit facility (”RCF”), which will be used to repay the current loans and for the Group’s general financing needs.

The margin of the financial package is linked to the Tokmanni Group's gearing (net debt / rolling 12-months comparable EBITDA).

The financing arrangement was signed with a syndicate consisting of two commercial banks, OP Corporate Bank Plc and Swedbank AB (publ). Both banks act as lead arrangers. Additionally, OP Corporate Bank Plc acts as the coordinator and agent of the financing arrangement.

For further information, please contact

Tapio Arimo, CFO, tel. +358 20 728 7390, tapio.arimo(at)tokmanni.fi

Tokmanni Group in brief

Tokmanni Group Corporation is one of the leading variety discount retailers in the Nordics. More than 6,000 employees in Finland, Sweden and Denmark make customers’ everyday life and special occasions easier by offering a versatile and up-to-date assortment of nordic and international brand-name products and other high-quality products at prices that are always affordable. With more than 370 Tokmanni, Dollarstore, Big Dollar, Miny, Click Shoes and Shoe House stores and online stores, the Group is always close to its customers. In 2023, the Group's revenue was EUR 1,393 million and comparable EBIT amounted to EUR 99 million. The Tokmanni Group Corporation's shares are listed on Nasdaq Helsinki.

Distribution

Nasdaq Helsinki
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