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Credit market

Thule’s financing activities are carried out with the objective of maintaining a financial position that is conducive to maintaining investor, creditor and market confidence and to constitute a stable foundation for continued development of business operations. Thule aims to maintain an effective long-term capital structure, defined as the net debt to EBITDA ratio.

Thule entered into a new financing agreement in June 2024 totaling 550 mEUR, consisting of a 470 mEUR revolving credit facility (RCF) and an 80 mEUR long-term loan. In Q2 2025, Thule Group, in consultation with its financial partners, exercised the option to extend both financing agreements by an additional year, with the financing now terminating in 2028, 2029 and 2030. In addition, Thule successfully integrated its financing agreements with its sustainability targets in the second quarter of 2025.

As of December 31, 2025, Thule's long-term interest-bearing liabilities amounted to 4,170 mSEK. The group's financing mainly consists of loans under revolving credit facilities and a long-term loan.

In February 2026, Thule established an MTN program in SEK and EUR with a framework amount of 5,000 mSEK.

Further details about Thule's financing and interest-bearing liabilities can be found in the Annual Report.
 

MTN Program

Thule has an MTN Program (Medium Term Notes) with a framework amount of 5,000 mSEK. The prospectus has been approved by Finansinspektionen (Swedish Financial Supervisory Authority) and is also available at www.finansinspektionen.se.


For more information, please contact:

Dino Tufek
Treasury Director at Thule
Phone: +46 70 001 90 48
Email: [email protected]

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