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Oatly Group Prices Offering of Senior Floating Rate Bonds

BY MT Newswires | CORPORATE | 09/16/25 05:17 PM EDT

05:17 PM EDT, 09/16/2025 (MT Newswires) -- Oatly Group (OTLY) said late Tuesday it priced a 1.70 billion Swedish Krona ($184.2 million) offering of senior secured floating rate bonds.

The bonds will bear a rate equal to 3-month Stockholm Interbank Offered Rate plus 7% with a four-year tenor, according to a statement.

The issue is expected to close on Sept. 30, subject to closing conditions, the company said.

Net proceeds will be used to prepay the company's $130 million outstanding under a term loan B credit facility, buyback and cancel some of its 9.25% convertible senior notes due 2028, and to cover related costs, according to the company.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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