Sandvik signs syndicated loan facility
Sandvik AB and Sandvik Treasury AB (publ) have signed a five-year EUR 500 M Syndicated Revolving Credit Facility maturing in 2012.
The facility will be used for general corporate purposes and as a complement to the existing facilities with the aim of securing Sandvik's new financial targets.
MLA's and bookrunners for the transaction were Citi, Handelsbanken Capital Markets, HSBC Bank Plc and SEB. Svenska Handelsbanken is the facility agent.
A highly successful and oversubscribed syndication resulted in a group of 14 participating banks.
Sandviken, 3 May 2007
Sandvik AB; (publ)