Trelleborg strengthens capital structure

ERJ staff report (DS)

Stockholm, Sweden -- Trelleborg AB has signed three revolving credit facilities in a total amount of EUR 291 M with four commercial banks. The facilities are partially guaranteed by the Swedish Export Guarantee Authority. A portion of EUR 241 M of the facilities has a period of 7 years, whilst the remaining portion amounting to EUR 50 M has a period of 5 years.

“Through the establishment of these new credit facilities we have succeeded in terming out a substantial part of our existing gross debt maturities” says Bo Jacobsson, Trelleborg's CFO. “Accordingly, we have already now significantly reduced the amount we will need to refinance when our existing syndicated loan, with maturity 2012, eventually needs to be replaced.”

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Trelleborg