05:23 PM EDT, 09/30/2025 (MT Newswires) -- Oatly Group ( OTLY ) issued 1.7 billion Swedish krona ($180.8 million) in senior secured floating rate bonds, signed a sustainability-linked senior revolving credit facility agreement for 750 million krona, and plans to complete the repurchase of some US notes.

The proceeds from the bonds will initially be placed into an escrow account and are slated to be released to Oatly ( OTLY ) around Friday, the company said Tuesday in a statement. The new senior revolving credit facility will then become effective, subject to prepayment in full of an existing $130 million term loan B credit facility.

The company plans to use the proceeds from the bonds to fully prepay the term loan B, to repurchase and cancel some of its US notes and to pay related costs.

Proceeds from the bonds will also be used to complete deals under convertible note repurchase agreements signed on Sept. 9 with some investors holding the company's 9.25% convertible senior payment-in-kind notes due 2028.