H & M Hennes & Mauritz AB has signed a new 12 months EUR 980 m revolving credit facility with a 6 months extension option in order to further strengthen its liquidity buffer and financial flexibility in response to the Covid-19 situation. The H&M group’s liquidity remains good. The group is continuing its work to set up a combination of different financing solutions.
The new facility is in addition to the company’s undrawn EUR 700 m RCF signed in 2017 and maturing 2024.
The facility was supported by a group of H&M Group’s relationship banks. SEB acted as co-ordinator, joined by BNP Paribas, Danske Bank, Standard Chartered Bank and Commerzbank.
