Credit market

Gränges’ treasury function ensures the Group’s financing is secured by managing loans, credit facilities, and liquidity while maintaining financial exposure in line with the Group’s financial policy.

As of 31 December 2024, Gränges' interest-bearing debt totaled SEK 5,477 million (3,459), with SEK 3,611 million maturing in 2025. The company’s financing primarily consists of term loans, credit facility loans, commercial papers, and bonds issued under Gränges’ MTN program.

Gränges has a multi-currency Revolving Credit Facility of SEK 3,000 million, maturing in 2027. The agreement includes options to increase the facility to SEK 3,500 million and to extend the tenor by up to two additional years.

The Group also has a SEK 2,000 million commercial paper program in Swedish Krona, with SEK 1,374 million outstanding as of 31 December 2024.

Further details on Gränges’ financial position and interest-bearing liabilities can be found in the Annual Report.

MTN Program

Gränges has an MTN Program (Medium Term Notes) with a framework amount of SEK 3 billion. The prospectus has been approved by Finansinspektionen, the Swedish financial supervisory authority, and is also available at www.finansinspektionen.se.

Prospectus 2024:

MTN prospectus 2024-10-31 (In Swedish)

Prospectus 2023:   

MTN prospectus 2023-09-21 (In Swedish)

Prospectus 2021:   

MTN prospectus 2021-09-20 (In Swedish)

Final terms:  

Green and Sustainability-Linked Finance Framework

To support Gränges’ sustainability ambitions and targets, the company has published a Green- and a Sustainability-Linked Finance Framework to allow for the issuance of Green Bonds and Sustainability-Linked Bonds.

The Green Finance Framework specifies three project categories for green financing: Sustainable and Circular Aluminum Solutions, Energy Intensity and Technology, and Renewable Energy.

The Sustainability Linked Finance Framework incorporates Gränges’ ambitious greenhouse gas reduction targets, which were validated by the Science Based Targets initiative (SBTi) in November 2023.

The Green Finance Framework and the Sustainability-Linked Finance Framework replaces the combined Green and Sustainability-Linked Finance Framework established in September 2021.

Sustainalytics has been engaged as an external reviewer to issue an independent second-party opinion of the Green Finance Framework, verifying its credibility, impact, and alignment with the Green Bond Principles and Green Loan Principles. Sustainalytics has also been engaged to provide a second-party opinion to the Sustainability-Linked Finance Framework assessing the relevance, robustness, reliability, and ambition level of the selected KPIs and SPTs and confirming its alignment with the Sustainability-Linked Bond Principles and the Sustainability-Linked Loan Principles.

Gränges Green Finance Framework

Gränges Sustainability-Linked Finance Framework

Second-Party Opinions by Sustainalytics

Gränges Green Finance Framework Second-Party Opinion

Gränges Sustainability-Linked Finance Framework Second-Party Opinion

For further information, please contact:

Gustav Mårtensson, VP Group Treasury
Phone: +46 70 644 80 15
gustav.martensson@granges.com