Autoliv Enters New $1.1 Billion Revolving Credit Facility
April 18 2011 - 3:28AM
Dow Jones News
Swedish car safety firm Autoliv Inc. (ALV) said Monday it has
entered into a new $1.1 billion multi-currency revolving credit
facility agreement with a group of 14 banks.
MAIN FACTS:
-The facility has a five-year maturity, with extension options
for up to two more years.
-The new agreement is for general corporate purposes - including
the refinancing of its existing $1.1 billion syndicated facility,
which matures in November 2012.
-The active bookrunners, co-ordinators and mandated lead
arrangers are Mizuho (MFG), Nordea (NDA.SK) and SEB (SEB-A.SK).
-The other bookrunning mandated lead arrangers are BTMU, ING
(ING) and Societe Generale (GLE.FR).
-The lead arrangers are DnB Nor (DNBNOR.OS), HSBC (HBC), JP
Morgan (JPM) and Morgan Stanley (MS).
-The arrangers are Bank of China (3988.HK), Danske Bank
(DANSKE.KO), Deutsche Bank (DB) and Northern Trust (NTRS).
-The banking group reflects Autoliv's strengthened position in
Asia with four Asian banks participating.
-This financial commitment does not have any financial
covenants, i.e. performance-related restrictions, as with all of
the existing principal debt arrangements of Autoliv, Inc.
-Shares closed Friday at SEK
-By Dominic Chopping, Dow Jones Newswires; +46-8-5451-3093;
dominic.chopping@dowjones.com
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