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GlobeNewswire·

Oatly Announces Issuance of SEK 1,700 million Nordic Bonds, Entry into SEK 750 million Super Senior Revolving Credit Facility and Intention to Complete Prepayment of Term Loan B, as well as Repurchase and Cancellation of Certain Convertible Senior PIK Notes due 2028

OTLY
  • Oatly Group AB issued SEK 1,700 million in senior secured floating rate Nordic Bonds.
  • The company entered into a new SEK 750 million sustainability-linked super senior revolving credit facility.
  • Proceeds from the Nordic Bonds will initially fund an escrow account & are expected to be released on or around October 3, 2025.
  • Oatly intends to use the bond proceeds to fully prepay its existing $130 million term loan B credit facility.
  • The company plans to repurchase & cancel certain 9.25% Convertible Senior PIK Notes due 2028 using the bond proceeds.
  • CFO Marie-José David stated the transactions strengthen the financial foundation by reducing total debt & lowering costs without raising additional financing.
  • The new credit facility is intended to become effective after the full prepayment of the existing term loan.
  • The Convertible Note Repurchase Agreements are expected to close on or around October 3, 2025, following the release of bond proceeds from escrow.
  • A Form 6-K detailing these transactions will be filed with the U.S. Securities and Exchange Commission.
  • The press release includes standard forward-looking statements & risk disclosures regarding market conditions, supply chain, & regulatory compliance.