Trelleborg extends credit facilities

TrelleborgAB, parent company of Trelleborg Wheel Systems, and Trelleborg Treasury AB have jointly concluded an agreement regarding an extension of the existing syndicated credit facilities that were established in 2011. The extended credit facilities total €750 million and US$625 million, have a tenor of five years and will mature in December 2018, with an option of extension thereafter for a maximum of two further years.

A total of 17 financial institutions from nine countries are participating in the credit facilities. Commerzbank Aktiengesellschaft, DNB, Nordea, SEB, Swedbank and UniCredit Bank Austria AG acted as co-ordinating Bookrunners.

“We are pleased that we have been able to work together with several reputable banks to strengthen our long-term financing by extending our existing syndicated credit facilities. The facilities provide a solid financing base for the Trelleborg Group until 2018. They also ensure good flexibility to allow us to robustly improve our market positions over the next few years,” said Trelleborg AB chief financial officer Ulf Berghult.