NORMA Group Close What We Do Our Brands Investor Relations Career Who We Are Where We Are Blog English Contact us Investor Relations Creditor Relations Financial Instruments Financial Instruments Financial Instruments of NORMA Group NORMA Group generally strives to achieve a diversification of its financing instruments in order to reduce risks. These also include prolongation of repayment obligations and an even distribution of the maturity profile. Promissory notes Promissory notes have been used several times for the refinancing, in recent years. The wide investor base and the low effort required for the documentation, in particular, make an interesing instrument. 31.12.2020 in Mio. EUR 2021 2022 2023 2024 2025 2026 SSD I EUR -14 -7 SSD I USD SSD II EUR -4 -4 -16 -27 SSD II USD -3 SSD III EUR -30 -31 -42 SSD III USD -32 -11 Total in EUR -69 -4 -55 -23 -27 -42 Syndicated Bank Loan NORMA Group's syndicated bank loan is regularly adjusted (Amend & Extend) or replaced by a new bank loan. In particular, the flexibility respectively draw repayment of the individual component make the product attractive. 31.12.2020 in Mio. EUR 2020 2021 2022 2023 2024 2025 2026 EUR -139 USD -99 Total in EUR -239 ABS / Factoring / Reverse Factoring NORMA Group uses these programs in addition to its diversified financing mix in order to flexibly exploit opportunities to improve the net operating cash flow on the one hand and to reduce the leverage ratio on the other hand. Volume as of Dec 31, 2020: 52M EUR Americas Europe APAC ABS Yes Yes No Factoring Yes Yes No Reverse Factoring Yes Yes No Supply Chain Financing Program ABS Program: Germany EUR 12 mill., USA EUR 11 mill. Factoring Program: Europe EUR 6 mill., USA EUR 8 mill. Reverse Factoring Program: Europe EUR 14 mill., USA EUR 1 mill. In Total Supply Chain Financing Volume as of 31.12.2020: EUR 52 Mio. Commercial Paper (CP) Program Commercial Paper (short CP) is a short-term bearer bond (Inhaberschuldverschreibungen) with a money market character. The total volume of the program covers EUR 300 Million. NORMA Group effectively draws up to EUR 50 Million in individual different tranches. If there is liquidity requirement CP’s can be issued on a short-term notice. There is no obligation to issue CP’s for NORMA Group. The running time of the CP’s could be between seven days and one year. The costs are typically lower compared to money market loans. CP’s are usually issued with a discounted amount and repaid at nominal value. 31.12.2020 in Mio. EUR 2020 2021 2022 2023 2024 2025 2026 EUR -20 Total in EUR -20 Information Memorandum (Commercial Paper) DOWNLOAD PDF Investor Relations Presentation Q1 2020 Times are Changing Annual Report 2019 Credit Lines Lines are held for a short-term, medium-sized needs. These can be used for (small) acquisitions or replace other component in the financing mix, which will not be continued. Comitted Lines Volume 130M EUR 31.12.2020 Uncomitted Lines Volume Flexible uncommitted Accordion that grows with NORMA‘s success and is driven by its leverage. As of 31.12.20: on top of the committed line: more than 200m Leases NORMA Group is contractual party in lease agreements accounted in accordance with IFRS 16. The new standard provides a single lessee accounting model whereby leases are recognized in the lessee's balance sheet (right-of-use-asset and lease liability). Contact NORMA Group NORMA Group What We Do Water Management eMobility Thermal Management Commercial & Passenger Vehicles Products Our Brands Investor Relations Career Who We Are Where We Are Americas region EMEA region APAC region NORMA Group Webshop Legal Terms & Conditions Data Privacy Policy Imprint UK Modern Slavery Act California Transparency in Supply Chains Statement Change Cookie settings Contact & Support Contact News Press Contact Downloads Blog © 2021 NORMA Group