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Essity B 230 (-0.1 SEK) on 25-Sep-2018 17:29

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Funding sources and maturity profile (SEKm), June 30th 2018.

Refinancing risks and liquidity

At June 30th 2018, the financial liabilities amounted to SEK 59,677m. After additions for net provisions for pensions, cash and cash equivalents, interest-bearing receivables, the net debt was SEK 57,876m.

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 2018, unutilized bank credit facilities amounted to SEK 20,833m. In addition, cash and cash equivalents amounted to SEK 3,734m. 

Bank credit facilities

At June 30th 2018, Essity has two syndicated bank facilities: EUR 1,000m (SEK 10,416m) with a final due date in 2021 and EUR 1,000m (SEK 10,416m) with a final due date in 2023.

Commercial papers-4 308-4 308
Bond loans-3 125-3 000-3 125-5 208-6 250-5 208-14 583-40 499
Utilization of credit lines0
Other loans-4 332-2 771-1 000-2 820-1 700-86-2 161-14 870
Total-11 765-5 771-4 125-8 028-7 950-5 294-16 744-59 677
Cash and cash equivalents3 734        
Unutilized credit lines20 833   -10 416 -10 416  


Johan Rydin

Vice President & Group Treasurer

Direct: +46 8-788 51 34