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Tobii Dynavox AB (publ) ("Tobii Dynavox") has signed a three-year agreement with Swedbank to convert its current loan to a social loan in the same amount, SEK 700 million. The credit facilities are classified as social loans according to the LMA Social Loan Principles (SLP). The classification means that Tobii Dynavox meets SLP's criteria for a company that contributes to the development of society through sustainable social initiatives.
The agreement consists of a term loan of SEK 500 million and a revolving credit facility of SEK 200 million. The latter can be used for working capital and acquisitions. The term is three years with the possibility of a two-year extension. The new agreement applies from 3 October 2022.
The interest terms are similar to those that applied in the previous financing agreement with Swedbank. The loan agreement contains customary terms, warranties, undertakings and restrictions subject to certain agreed exceptions and qualifications.
Tobii Dynavox is the global leader in assistive communication. Our custom designed solutions enable people with disabilities such as cerebral palsy, ALS, autism and spinal cord injury to communicate with a voice of their own, develop literacy skills and live more independently. To date, hundreds of thousands of people worldwide have benefited from our integrated solutions, which include hardware, software, clinically developed language systems, special education tools, training, and dedicated support. Using AI-based speech synthesis, we offer users a personalized voice identity in over 30 languages, for children and adults. We offer an extensive funding support system to reach as many people as possible. Headquartered in Sweden, Tobii Dynavox employs over 600 people with offices in the US, the UK, Ireland, Norway, Denmark, Belgium, France and China, and reselling partners in 60+ countries. For more information, please visit our IR website: Tobii Dynavox Investor Relations.
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