Maturity

Based on our financing strategy, our focus is on a relatively balanced maturity profile, consisting of bank and capital market financing.
Below you will find an overview of the annual maturities over the next seven years divided by currency mix and financing instruments.

Maturity by currency

NORMA Group strives for a relatively balanced maturity profile. The currency mix US dollar and Euro should be balanced and thus comply with the balance structure and internal cash flows. It is expected that refinancing will take place in 2019 in order to service the promissory note tranche maturing at the end of 2019.

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EuroUS dollar
20192982
2020304
20215054
202211654
20235211
202445
2025
202642

Maturity profile by financial instruments

NORMA Group primarily uses a syndicated bank loan and promissory notes to finance its business activities. In particular, the bank loan includes features to collect money at short notice – for example, for acquisitions.

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Bank BorrowingsPromissiory Note IPromissiory Note IIPromissiory Note III
20195106
2020529
202153464
2022170
20232142
202445
2025
202642

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