Financing

Ambea has adopted a centralised strategy where the main funding is made by the parent company Ambea AB (publ). The Group’s goal is to achieve as low financing cost as possible by utilising various sources of financing.

Strategy

In order to reduce the company’s refinancing risk, the company has a policy of initiating negotiations on refinancing at least 18 months before the current agreement expires.

Interest rate risk

The company’s policy is that at least 50% of the company’s average interest-bearing debt over the next 12 months shall be hedged through various types of interest rate derivatives.

Credit agreements

Revolving credit facility

Amount: SEK 4,000 million

Due date: October 31, 2026

Interest terms: relevant IBOR + margin, which varies depending on Ambea’s net debt in relation to EBITDA.

The Group’s credit agreements contain specific terms and conditions linked to key ratios, so-called covenants. These covenants consist of the following financial ratios:

The Group’s interest-bearing net debt (excluding IFRS16) related to EBITDA (excluding IFRS16)

For current net debt, see the latest quarterly report; Financial Reports and Presentations – Ambea Investor Relations

The credit agreement is linked to selected sustainability KPIs, where the interest rate terms are adjusted according to progress towards predetermined targets for the KPIs.

Sustainability KPIs
• Reduced greenhouse gas (GHG) emissions within Scope 1,2 and 3
• Employee net promoter score (eNPS)
• Care reciever satisfaction

Organisers: Danske Bank A/S, DNB Bank ASA, Sweden Branch and Nordea Bank ABP, Sweden Branch.

Commercial Paper Program

Amount: SEK 3,000 million

Organisers: Danske Bank A/S, DNB Bank ASA, Sweden Branch and Nordea Bank ABP, Sweden Branch.

Rating

Ambea has no official credit rating today.