Oriflame Cosmetics. Credit Facility

Oriflame Cosmetics agrees ¤130m Credit Facility to support growth Oriflame Cosmetics S.A. today agreed a ¤130m three-year Term Loan and Revolving Credit Facility with its core banks, with which Oriflame will increase its co-operation. The Facility will be used to support further growth and provides financing in addition to the existing ¤375m credit facility, which is to be renegotiated by April 2011. "We are happy to have agreed this additional credit facility with the support of our core banks. Now we have all necessary financing in place for strategic purposes and to support our continued growth", comments Gabriel Bennet, CFO at Oriflame Cosmetics S.A. The Facility is co-ordinated by SEB. Nordea and SEB are Mandated Lead Arrangers. The Facility was oversubscribed and the agreed amount has been increased above what was initially requested. The following banks joined the Facility (listed in alphabetic order): DnB NOR Bank, Co-Arranger ING Bank NV, Co-Arranger Nordea Bank AB (publ), Mandated Lead Arranger Skandinaviska Enskilda Banken AB (publ), Mandated Lead Arranger For additional information, please contact: Gabriel Bennet, CFO +41 798 263 713 Patrik Linzenbold, IR +46 765 42 27 09 Micael Ljunggren, Head of Loan Origination SEB +46 707 72 32 17 This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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