Cloetta cuts commitment fees in loan refinancing

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By Mike Turner
28 Apr 2021

Cloetta, the Swedish confectionery maker, has refinanced krona and euro bank debt while reducing its bank fees by halving its revolving credit facility.

The borrower has three lines of credit from Nordic banks that will come into effect on June 30 this year. The largest is a €125m term loan due June 2024, followed by an Sk800m (€79m) term loan due June 2023.

The smallest of the three facilities is a €60m ...

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