Today, GN has successfully signed the two new facilities with its core banking group.
The first facility includes a new EUR 1,000 million term loan. This loan will be used to refinance the existing EUR 800 million term loan (that was maturing in Q3 2026) as well as up to EUR 200 million in R&D loans (with maturity in 2026-29).
The second facility is a new EUR 500 million revolving credit facility, which will replace the existing EUR 520 million undrawn facility.
Based on GN’s strong fundamental operational improvements executed in the past few years, the new facilities reflect improved terms & conditions, including lower interest rates, compared to existing loans. The new facilities mature in 2028 (with the option to extend by up to two years, i.e. 2030, in agreement with the banks).
GN’s new facilities are backed by Nordea, SEB, Danske Bank, Nykredit and Jyske Bank.
Søren Jelert, GN Group CFO, says: “We are very pleased to finalize the earlier announced loan facilities with a strong commitment from our core banking group, after a very well-run collaborative process. The new facilities will allow us to continue to drive our group strategy priorities, while at the same time allowing us to reduce our interest costs.”
For further information, please contact:
Investor Relations
Rune Sandager +45 45 75 92 57
Media Relations
Steen Frentz Laursen +45 20 65 34 20
About GN
GN brings people closer through our leading intelligent hearing, audio, video, and gaming solutions. Inspired by people and driven by innovation, we deliver technologies that enhance the senses of hearing and sight. We help people with hearing loss overcome real-life challenges, improve communication and collaboration for businesses, and provide great experiences for audio and gaming enthusiasts. GN was founded more than 150 years ago with a vision to connect the world. Today, inspired by our strong heritage, GN touches more lives than ever with our unique expertise and the broadest portfolio of products and services in our history – bringing people closer to what is important to them.
We market our solutions with the brands Jabra, ReSound, SteelSeries, Beltone, Interton, BlueParrott, Danavox, and FalCom in 100 countries. Founded in 1869, GN Group employs more than 7,000 people and is listed on Nasdaq Copenhagen (GN.CO).
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