Trelleborg refinances through new syndicated loan
On March 24, Trelleborg AB and Trelleborg Treasury AB finalised a 750 million euro and US$625 million syndicated multicurrency revolving credit facility. The total volume of this new credit facility corresponds to some SEK 10.6 billion (£1.03 billion) and it is scheduled to mature in March 2016. The new credit facility replaces and refinances Trelleborg’s existing 750 million euro and US$600 million multicurrency revolving credit from 2005, which had an original final scheduled maturity date in March 2012.
“We are pleased that we could conclude the syndication of our new credit facility with a broad core bank group on the basis of significant oversubscription” says Bo Jacobsson, Chief Financial Officer of the Trelleborg Group. “The new credit facility forms a sound basis for the financing of our Group until 2016 and increases our flexibility going forward.”
A total of 16 financial institutions from ten countries have committed to the new credit facility. Commerzbank Aktiengesellschaft, Nordea Bank AB, Merchant Banking Skandinaviska Enskilda Banken AB and Swedbank AB acted as the transaction’s co-coordinating bookrunners whilst Svenska Handelsbanken AB and DnB Nor Bank ASA were bookrunners. Merchant Banking Skandinaviska Enskilda Banken AB acted as documentation agent.
Related news:
Comments