Slaughter and May advised AB Electrolux (publ) on the annual update of its EUR 5,000,000,000 Euro Medium-Term Note Programme (the “Programme”). The Programme is listed on the regulated market of the Luxembourg Stock Exchange (“LuxSE”), and notes issued under the Programme are to be admitted to trading on the LuxSE regulated market and listed on the Official List of the LuxSE (the “Notes”).
The net proceeds from the issue of any Notes may be used for general corporate purposes. Notes may also be issued as green bonds; the net proceeds of any such issuance are to be used to finance and/or refinance green assets that meet certain eligibility criteria set out in the group’s Green Financing Framework, including for example projects which promote the transition towards a low-carbon and environmentally sustainable society.
The Electrolux Group is a global leader in the design and manufacture of household appliances, operating in around 120 markets worldwide. The group’s main brands are Electrolux, AEG and Frigidaire and the group is committed to growth and innovation, designing products with the aim to improve customer experiences across the three defined product lines of taste, care, and wellbeing. Sustainability is an integrated part of the group’s strategy, along with consistently increasing operational efficiency through digitalisation, automation and modularisation to enable profitable growth.