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Trelleborg strengthens long-term credit facilities
17
Dec '13
Trelleborg AB and Trelleborg Treasury AB have jointly concluded an agreement regarding an extension of their existing syndicated credit facilities established in 2011.

The extended credit facilities totaling EUR 750 M and USD 625 M, equivalent to approximately SEK 11,000 M, have a tenor of five years and will mature in December 2018, with an option of extension thereafter for a maximum of two further years.

A total of 17 financial institutions from nine countries are participating in the credit facilities. Commerzbank Aktiengesellschaft, DNB, Nordea, SEB, Swedbank and UniCredit Bank Austria AG acted as Co-ordinating Bookrunners.

“We are pleased that we have been able to work together with several reputable banks to strengthen our long-term financing by extending our existing syndicated credit facilities. The facilities provide a solid financing base for the Trelleborg Group until 2018. They also ensure good flexibility to allow us to robustly improve our market positions over the next few years,” says Ulf Berghult, Chief Financial Officer.

Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way.

The Trelleborg Group has annual sales of about SEK 21 billion in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems.

Trelleborg

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