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Essity B 300.9 (+1.3 SEK) on 12-Nov-2019 14:24

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Funding sources and maturity profile (SEKm), September 30th 2019.

Refinancing risks and liquidity

At September 30th 2019, the financial liabilities amounted to SEK 53,385m. After additions for net provisions for pensions, leasing, cash and cash equivalents, interest-bearing receivables, the net debt was SEK 57,904m.

Essity’s financing is partly secured through committed bank credit facilities. With these as protection against refinancing risks, Essity uses short-term borrowing under market programs.

Essity’s policy is that loan documentation should not contain clauses that entitle the lenders to terminate the loans or change coupon rates when changes occur in Essity’s financial key ratios or credit ratings. 

As per September 30th 2019, unutilized bank credit facilities amounted to SEK 21,445m. In addition, cash and cash equivalents amounted to SEK 4,237m.

Bank credit facilities

At September 30th 2019, Essity has two syndicated bank facilities: EUR 1,000m (SEK 10,722m) with a final due date in 2021 and EUR 1,000m (SEK 10,722m) with a final due date in 2024.

  2019202020212022202320242025+Total
Commercial papers-5 332-68500000-6 017
Bond loans0-3 217-5 361-6 433-5 361-6 433-8 578-35 384
Utilization of credit lines0
Other loans-720-3 687-2 585-2 094-243-2 415-240-11 985
Total-6 052-7 589-7 946-8 528-5 604-8 849-8 818-53 385
Cash and cash equivalents4 237        
Unutilized credit lines21 445  -10 722  -10 722  

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Contacts

Johan Rydin

Vice President & Group Treasurer

Direct: +46 8-788 51 34