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Tobii Dynavox AB (publ) ("Tobii Dynavox") has signed a three-year agreement with Swedbank to convert its current loan to a social loan in the same amount, SEK 700 million. The credit facilities are classified as social loans according to the LMA Social Loan Principles (SLP). The classification means that Tobii Dynavox meets SLP's criteria for a company that contributes to the development of society through sustainable social initiatives.
The agreement consists of a term loan of SEK 500 million and a revolving credit facility of SEK 200 million. The latter can be used for working capital and acquisitions. The term is three years with the possibility of a two-year extension. The new agreement applies from 3 October 2022.
The interest terms are similar to those that applied in the previous financing agreement with Swedbank. The loan agreement contains customary terms, warranties, undertakings and restrictions subject to certain agreed exceptions and qualifications.
Dynavox Group AB (publ) is the parent company for Tobii Dynavox, the global leader in assistive communication. Headquartered in Stockholm, and listed on Nasdaq Stockholm (DYVOX), Dynavox Group, together with its brands has over 800 employees and serves customers in 65+ countries. Tobii Dynavox’s custom designed solutions enable people with disabilities such as cerebral palsy, ALS, autism and spinal cord injury to communicate with a voice of their own, develop literacy skills and live more independently. To date, hundreds of thousands of people worldwide have benefited from our integrated solutions, which include hardware, software, clinically developed language systems, mounting solutions, training, and dedicated support. We offer extensive funding expertise to facilitate funding for as many people as possible. As voice and motor impairments are common among our users, our solutions are accessed via alternative methods, such as eye gaze or touch screen. Using AI-based speech synthesis, we offer users a personalized voice identity in over 30 languages, for children and adults.
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