Oriflame agrees €130m credit loan

Published: 23-Feb-2009

Swedish direct seller Oriflame has undertaken a €130m three-year term loan and revolving credit facility with its core banks in order to support further growth of the company.


Swedish direct seller Oriflame has undertaken a €130m three-year term loan and revolving credit facility with its core banks in order to support further growth of the company.

Under the new agreement Oriflame will increase its co-operation with the banks and the loan will be used in addition to an existing €375m credit facility which is due to be negotiated in April 2011.

“We are happy to have agreed this additional credit facility with the support of our core banks,” commented Gabriel Bennet, Oriflame cfo. “Now we have all necessary financing in place for strategic purposes and to support our continued growth.”

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