09/30/2020 | Press release | Distributed by Public on 09/30/2020 06:04
Oriflame Holding AG has repaid its Revolving Credit Facility of €100m. As communicated in the interim management statements earlier this year, Oriflame drew the full amount of the Revolving Credit Facility in March 2020 as a risk mitigation measure.
The facility of €100m with interest in EURIBOR +200 bps to 300 bps depending on leverage was signed in May 2019 and has a maturity in 2024.
For additional information, please contact:
Gabriel Bennet, Chief Financial Officer, +41 798 263769
Vanessa Wendle, Investor Relations, +41 799 220173
We are Oriflame
Founded in Sweden 1967, we are a social selling beauty company present in over 60 countries around the world. We have a different and holistic view on beauty - Beauty by Sweden. For us beauty is a way of life; to be healthy, enjoy beautiful skin and to find your personal expression. Our portfolio of nature-inspired beauty products powered by science are marketed through approximately 3 million Independent Oriflame Brand Partners.
We are a community of people, passionate about beauty and fulfilling dreams. Enabling people around the world to fulfil their dreams is our mission and purpose. We do it by offering a comprehensive range of skincare, make-up, personal and hair care, fragrance, accessories and nutritional products. All ingredients undergo eco-ethical screening to ensure sustainable sourcing and safety while we strive to have minimal impact on the environment. We give people a unique opportunity to build their own business through selling our products and helping others to build their business too.