Investment AB Kinnevik finances its current and coming investments with bank loans and generated cash flow in the form of dividends from Korsnäs and the affiliated companies. The target leverage as well as the methods of financing for Kinnevik differs due to the different characteristics of the three segments. The development of the leverage within Major Unlisted Holdings and Major Listed Holdings is shown in the below charts.
As per 31 December 2008, the average remaining duration of all the credit facilities was 2,2 years. All loans have floating interest rates with maximum interest periods of 3 months based on Stibor or similar base rate with an average margin of 0,6%. In February 2009 credit facilties totaling SEK 1,550 million maturing in 2009 have been prolonged for 3 years.
Maturity profile: Bank facilities
Leverage against Major Listed Holdings (%):
Leverage against Major Unlisted Holdings (xEBITDA):
