Financing

Debt financing

Sweco has a centralized funding strategy where funds are mainly raised by Sweco AB. The aim is to utilize different funding sources and distribute the maturities over time. In this way the refinancing risk is managed, while the possibility to use excess cash to repay outstanding debt is retained. Information about Sweco’s main facility and program is found below:

Bank credit facility

The main bank credit facility is a EUR 400 million Revolving Credit Facility established in July 2021 with a tenor of 3 years with two 1-year extension options. The credit facility is a sustainability-linked loan with terms and conditions linked to targets for Sweco’s long-term initiatives to reduce GHG emissions in own operations and to gender equality among employees.

Multi-Currency Revolving Credit Facility

• Amount: EUR 400m
• Arrangers: Skandinaviska Enskilda Banken, Svenska Handelsbanken och Swedbank
• Maturity: July 2026
• Sustainability link: to Sweco’s climate and social sustainability agenda

Debt program

Sweco borrows short-term under a Swedish Commercial Paper Program with a framework amount of SEK 2,000 million. The refinancing risk is mitigated through available committed bank credit facilities.

Swedish Commercial Paper Program

• Start: 2022
• Amount: SEK 2,000m
• Currency: SEK and EUR
• Tenor: Up to 360 days
• Arranger: Svenska Handelsbanken
• Dealers: Skandinaviska Enskilda Banken, Svenska Handelsbanken och Swedbank
• Issuing and Paying Agent: Svenska Handelsbanken
• Clearing system: Euroclear Sweden