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Funding sources and maturity profile (SEKm), September 30th 2019.
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.
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.
|Commercial papers||-5 332||-685||0||0||0||0||0||-6 017|
|Bond loans||0||-3 217||-5 361||-6 433||-5 361||-6 433||-8 578||-35 384|
|Utilization of credit lines||0|
|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 equivalents||4 237|
|Unutilized credit lines||21 445||-10 722||-10 722|
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