GN Making Life Sound Better
New EUR 520 million loan - short-term funding need fully covered
•
By the end of September, the earlier communicated
three-year EUR 520 million loan with the commercial
banking group was successfully signed
As a result, the M&A bridge and EMTN bond
maturing in 2023 will be fully repaid by the new loan,
effectively moving maturity until 2025
Undrawn RCF ("Revolving Credit Facility") of EUR
350 million in place
In October, GN received formal project approval from
EIB and KfW concerning new combined R&D loans
of EUR 110 million. The terms and conditions of the
loan agreements have been agreed in principle with
the two banks, but execution of the loan agreements
is subject to final approval from the banks' credit
committees which is expected end November
Maturity profile* (DKK million) – September 30, 2022
5,000
4,000
-
4,515 4,454
3,000
2,817
2,530
2,506
3,869
744
4,464
2,000
2,455
1,000
1,786
598
2,604
GN Making Life Sound Better
722
213
213
585
162
0
213
H2-22 H1-23 H2-23 H1-24 H2-24 2025 2026 2027 2028 2029
w
2036
Undrawn RCF
EMTN Bond
R&D loan
Term loan
Convertible Bond
Commercial Paper and Money Market loan
*The M&A and EMTN loan is still due to paid in 2023 but will be repaid by the EUR 520 million Term loan, so omitted from this overview
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