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AAK signs new committed credit facilities

Zoom in font  Zoom out font Published: 2014-06-30  Views: 0
Core Tip: AAK has signed new committed credit facilities.
AAK has signed new committed credit facilities. The facilities will replace our existing committed facilities, which mature early 2016, and will be used to finance current operations and potential acquisitions.

The new credit facilities are partly a five year club deal of EUR 400 million (approx SEK 3,600 million), partly two committed three year bilateral facilities, totaling SEK 1,500 million. All facilities include an extension option of one plus one year.

The new committed credit facilities have been obtained at more favourable conditions than the previous facilities. Altogether the company has committed credit facilities of approximately SEK 5,600 million. The transaction will imply some one-off costs in the second quarter, which will be reported under financial items.

 
 
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