fac-036 · Term loan

Nordkap Grocers AB

Facility

Term loan

Currency: EUR
Commitment: €38m
Drawn: €33.3m
Undrawn: €4.7m
EAD: €35.7m
CCF: 50%
Margin: 295 bps
Maturity: 12 March 2028
Tenor: 23 months

Covenant monitoring

1 breached, 1 within 10% of the threshold

Net lev.

Direction: Maximum Threshold: 3.32 Current: 3.39 Next test: 30 Jun 2026 Quarterly

DSCR

Direction: Minimum Threshold: 1.23 Current: 1.32 Next test: 30 Jun 2026 Quarterly

ICR

Direction: Minimum Threshold: 2.7 Current: 3.54 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Inventory

EUR

€32.2m

41%

€18.9m

12 Nov 2025

Mark to market

Total

€18.9m

Tenor

23 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

€38m

€33.3m

€4.7m

n/a

88%

2026-Q2

€33.3m

€29.2m

€4.1m

-€4.2m

88%

2026-Q3

€28.5m

€25m

€3.5m

-€4.2m

88%

2026-Q4

€23.8m

€20.8m

€2.9m

-€4.2m

88%

2027-Q1

€19m

€16.7m

€2.3m

-€4.2m

88%

2027-Q2

€14.3m

€12.5m

€1.8m

-€4.2m

88%

2027-Q4

€4.8m

€4.2m

€584.3k

-€8.3m

88%

2028-Q1

€0

-€4.2m