Stillfront Group secures $227m credit facility to extend financial flexibility

Sweden-based publisher Stillfront Group has signed an unsecured revolving credit facility of SEK 2.5 billion ($227 million) maturing in June 2027. 

The new revolving credit facility will replace the existing facilities worth SEK 3.75bn ($340m) established in December 2020, which was extended for two years in November 2022.

Stillfront said the new credit facility provides the firm with cost-effective financing, enhanced financial flexibility, and an extended maturity timeline.

It’s backed by DNB Bank ASA, Nordea Bank Abp, and Swedbank AB. Mannheimer Swartling served as legal advisor to Stillfront.

Simple principles 

“We are pleased to have secured a new credit facility at favorable terms, reflecting the continued trust and collaboration with our bank partners," said Stillfront CFO Andreas Uddman. 

“This facility materially extends our maturity profile and marks the culmination of a comprehensive refinancing program executed over the past year, ensuring a robust and cost-efficient financing platform to support our long-term strategy.

“I am grateful for the continued support from our balance sheet banks Nordea, DNB and Swedbank. As well as the continued support from our bond investors to whom we issued three new bonds in the past 15 months.

“The effort is a team effort across finance, legal and investor relations as well as others, bu