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Essity B 281.1 (-7.7 SEK) on 15-Sep-2019 17:29

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

Refinancing risks and liquidity

At June 30th 2019, the financial liabilities amounted to SEK 56,084m. After additions for net provisions for pensions, leasing, cash and cash equivalents, interest-bearing receivables, the net debt was SEK 59,691m.

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 June 30th 2019, unutilized bank credit facilities amounted to SEK 21,112m. In addition, cash and cash equivalents amounted to SEK 3,602m.

Bank credit facilities

At June 30th 2019, Essity has two syndicated bank facilities: EUR 1,000m (SEK 10,556m) with a final due date in 2021 and EUR 1,000m (SEK 10,556m) with a final due date in 2024.

  2019202020212022202320242025+Total
Commercial papers-8 108000000-8 108
Bond loans0-3 167-5 278-6 333-5 278-6 333-8 444-34 833
Utilization of credit lines0
Other loans-2 894-2 817-2 463-2 037-320-2 381-231-13 143
Total-11 002-5 983-7 741-8 370-5 598-8 714-8 675-56 084
Cash and cash equivalents3 602        
Unutilized credit lines21 112  -10 556  -10 556  

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Funding-Sources-2880x1300.jpg

Contacts

Johan Rydin

Vice President & Group Treasurer

johan.rydin@essity.com
Direct: +46 8-788 51 34