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Funding sources and maturity profile (SEKm), December 31th 2020.
At December 31th 2020, the financial liabilities amounted to SEK 43,359m. After additions for net provisions for pensions, leasing, cash and cash equivalents, interest-bearing receivables, the net debt was SEK 42,688m.
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 December 31th 2020, unutilized bank credit facilities amounted to SEK 20,056m. In addition, cash and cash equivalents amounted to SEK 4 982m.
At December 31th 2020, Essity has two syndicated bank facilities: EUR 1,000m (SEK 10,028m) with a final due date in 2025 and 20261 and EUR 1,000m (SEK 10,028m) with a final due date in 2024 and 2025.2
|Bond loans||-5 014||-6 017||-5 014||-6 017||-3 008||0||-8 022||-33 093|
|Utilization of credit lines||0|
|Other loans||-2 867||-4 201||-635||-2 160||-437||-11||45||-10 266|
|Total||-7 881||-10 217||-5 649||-8 177||-3 445||-11||-7977||-43 359|
|Cash and cash equivalents||4 982|
|Unutilized credit lines||20 056||-590||-19 466|
1) The syndicated bank facility maturing 2025 was in January 2021 with prolonged with EUR 937m to 2026, the remaining EUR 63m matures in 2025.
2) The syndicated bank facility maturing 2024 was in January 2020 with prolonged with EUR 941m to 2025, the remaining EUR 59m matures in 2024.
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