Correction: Sandvik renews credit facility, Nordea is also one of the participating banks in the credit facility
Sandvik AB 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 comprise 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 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, Nordea, 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
For further information contact: Anneli Walltott, Acting Group Treasurer, phone +46 8 456 1317 or Ann-Sofie Nordh, Vice President and Head of Investor Relations, phone +46 8 456 1494.