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.
â€œThrough the establishment of these new credit facilities we have succeeded in terming out a substantial part of our existing gross debt maturitiesâ€ says Bo Jacobsson, Trelleborg's CFO. â€œAccordingly, 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.â€
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Press release from Trelleborg