Trelleborg Group consolidates loans with new €1200 million facility
Trelleborg, Sweden--The Trelleborg Group has raised a new syndicated loan with a counter value of â‚¬1200 million (approximately SEK 10 900 million) stretching over a five-year period with possibility to extend a further two years. The financing was significantly oversubscribed and the loan was increased from the original â‚¬1100 million to â‚¬1200 million.
The new facility will refinance Trelleborg's existing $600 million facility of June 2002 and â‚¬540 million facility of October 2003. The facility is
divided into two tranches of â‚¬750 million and $600 million. The
Facility margin at present gearing is 0,275% and the commitment fee 0.09%
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Press release from Trelleborg