Tobii Dynavox signs refinancing agreement classified as a social loan

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.