Cloetta completes early redemption of its Bonds

As indicated in its press release of 17 August 2016, Cloetta AB (publ) completed
the early redemption of its outstanding SEK1,000 million Senior Secured Notes
(the “Bonds”) on 19 September 2016, as part of the previously communicated
overall refinancing of its existing debt financing.
The new financing structure will secure Cloetta’s ability to pay dividends in
the future and will at the same time provide financial flexibility for potential
complementary acquisitions.

In July, 2016, Cloetta entered into a new term and revolving facilities
agreement with a group of four banks, amounting in total to the equivalent of
SEK 3,700m. The new financing package included a loan of SEK 1,000m which has
been used to redeem the Bonds issued in September 2013.

The Facilities Agreement, along with the redemption of the Bonds, is expected,
excluding one off expenses, to reduce the group’s net financial items by
approximately SEK 140m over a five year period, whereof SEK 50m in 2017
Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00
33.
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic
region, the Netherlands, and Italy. In total, Cloetta products are sold in more
than 50 countries worldwide. Cloetta owns some of the strongest brands on the
market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila,
Red Band and Sperlari. Cloetta has 13 production units in six countries.
Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about
Cloetta is available on www.cloetta.com