Swedish oat milk brand Oatly has announced plans to issue SEK 1,700 million in Nordic Bonds to prepay its term loan and cancel certain convertible notes, aiming to improve its capital structure without raising additional funding. The bonds will bear interest at a rate tied to three-month STIBOR and will have a tenor of four years, subject to certain early redemption features.

This move comes after Oatly reported mixed financial performance in the second quarter of 2025, with strong growth in Europe but challenges in North America and Greater China. The company recently achieved recognition as a Climate Solutions Company, encouraging consumers to shift away from dairy and reduce their climate impact. Oatly's CEO highlighted the company's commitment to sustainability and transforming the food system, emphasizing the responsibility they hold in this role.