Stillfront aims to secure a diversified funding base to assure access to funds and support the Group’s business opportunities, as well as maintaining a balanced financial risk. The financing activities are centralised to manage the cash and cash equivalents, exploit economies of scale and optimise the Group´s financial net efficiently. All financial transactions are carried out within risk mandates and limits established by the Board of Directors.
Stillfront has a Revolving Credit Facility (RCF) of 500 MSEK signed in November 2018 with a termination date in 2021. The RCF will be used for general corporate purposes including smaller M&A transactions.
Stillfront regularly seeks access to diverse funding sources.
January 29, 2020, Stillfront Group AB (publ) has issued SEK 500,000,000 of subsequent bonds under the SEK 1,000,000,000 framework of its 2019/2024 senior unsecured bond loan (ISIN: SE0012728830) Following the Issue, the total amount outstanding under the Bond Loan is SEK 1,000,000,000.
June, 26, 2019, Stillfront Group AB (publ) has issued MSEK 500 of senior unsecured bonds under a new bond framework of up to MSEK 1,000 senior unsecured bond loan due 2024 (the “Bonds”).
The ISIN for these bonds is ISIN: SE0012728830.
On November, 13, 2018, Stillfront Group AB (publ) issued 600 MSEK in 4-year senior unsecured bonds under a new bond framework of up to 1,000 MSEK senior unsecured bond loan due 2022 (the “2022 Bonds”). The ISIN for these bonds is ISIN: SE0011897925.
May 23, 2017, Stillfront Group AB (publ) issued Senior Secured Callable Floating Rate Bonds 2017/2020 with a maximum amount of MSEK 500. The ISIN for these bonds was SE0009973050. These bonds were subject to redemption November 23, 2018 and the trading of the Bonds on Nasdaq Stockholm has expired.