Sandvik Renews Credit Facility
June 30 2016 - 4:27AM
Business Wire
Regulatory News:
Sandvik AB (STO:SAND) and Sandvik Treasury AB have signed a
five-year SEK 9 billion Syndicated Revolving Credit Facility, with
the option to extend up to seven years.
The credit facility comprises Sandvik's primary liquidity
reserve, which is considered adequate to meet all normal,
short-term liquidity requirements and it refinances the existing
SEK 5 billion and EUR 650 million Revolving Credit Facility
maturing in February 2018.
The credit facility has been placed at the disposal of Citi,
Handelsbanken and HSBC as Coordinating Mandated Lead Arrangers and
Bookrunners, in addition to Bank of Tokyo-Mitsubishi, Danske Bank,
Deutsche Bank, J.P. Morgan, Royal Bank of Scotland, SEB,
Societe Generale, Standard Chartered Bank and Swedbank.
These banks will form Sandvik's core relationship bank group
going forward.
Stockholm, 30 June 2016
Sandvik AB
Sandvik Group
Sandvik is a high-tech and global engineering group offering
advanced products and services that enhance customer productivity,
profitability and safety. We hold world-leading positions in
selected areas – tools for metal cutting, equipment and tools for
the mining and construction industries, stainless materials,
special alloys, metallic and ceramic resistance materials as well
as process systems. In 2015, the Group had about 46,000 employees
and sales of about 91 billion SEK in more than 150 countries.
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Sandvik ABAnneli Walltott, +46 8 456 1317Acting Group
TreasurerorAnn-Sofie Nordh, +46 8 456 1494Vice President and
Head of Investor Relations
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