|Capital markets funding|
|Term loan facility|
|2022/2026 Term Loan||2026||EUR||60m|
|Revolving credit facility||2025||SEK||3,750m|
Capital markets funding
May 11, 2021, Stillfront Group AB (publ) has issued 1,500 MSEK of senior unsecured bonds under a new bond framework of up to 2,000 MSEK with final maturity in 2025 (ISIN: SE0015961065).
January 29, 2020, Stillfront Group AB (publ) has issued 500 MSEK of subsequent bonds under the 1,000 MSEK framework of its 2019/2024 senior unsecured bond loan (ISIN: SE0012728830) Following the Issue, the total amount outstanding under the Bond Loan is 1,000 MSEK.
June, 26, 2019, Stillfront Group AB (publ) has issued 500 MSEK of senior unsecured bonds under a new bond framework of up to 1,000 MSEK 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”).
On September 9, 2022, Stillfront formally exercised its right to make a voluntary early redemption of all of its outstanding senior floating rate bonds maturing on 22 November 2022 with ISIN SE0011897925 and outstanding amount of SEK 600 million (the “Bonds”). The bonds were redeemed in accordance with their terms and conditions at a price equal to 100.50 percent of the outstanding nominal amount plus accrued and unpaid interest from, but excluding, the previous interest payment date until, and including, the early redemption date which occurred on 5 October 2022.
Term loan facilities
2022/2026 Term loan
September 9, 2022, Stillfront announced new unsecured term loan facility agreement of EUR 60 million with Swedish Export Credit Corporation (SEK) as lender. The new term loan facility agreement has a four (4) year term and strengthens Stillfront’s financial position and further diversifies the company’s financing platform.
Revolving credit facility
December 10, 2020, Stillfront Group AB (publ) signed an unsecured revolving credit facility of SEK 3,750 million with maturity in December 2023. The facility is supported by DNB Bank ASA, Sweden Branch; Nordea Bank Abp, filial i Sverige; and Swedbank AB (publ). November 21, 2022, Stillfront utilized its two-year extension option of the existing unsecured revolving credit facility, with new maturity date in December 2025.
Stillfront has an overdraft facility of SEK 200 million with Swedbank AB (publ). This facility is extended on a yearly basis.