H & M Hennes & Mauritz AB has signed a new 12 months EUR 980 m revolving credit facility with a 6 months extension option in order to further strengthen its liquidity buffer and financial flexibility in response to the Covid-19 situation. The H&M group’s liquidity remains good. The group is continuing its work to set up a combination of different financing solutions.
The new facility is in addition to the company’s undrawn EUR 700 m RCF signed in 2017 and maturing 2024.
The facility was supported by a group of H&M Group’s relationship banks. SEB acted as co-ordinator, joined by BNP Paribas, Danske Bank, Standard Chartered Bank and Commerzbank.
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The information in this press release is that which H & M Hennes & Mauritz AB (publ) is required to disclose under the EU Market Abuse Regulation (596/2014 /EU). The information was submitted for publication by the abovementioned person at 12:30 CEST on 8 April 2020. This press release, along with additional information about the H&M group, is available at hmgroup.com.