Electrolux has entered into a new EUR 500 million multi-currency revolving credit facility agreement with a group of 11 banks.
The facility is for general corporate purposes and has a five-year maturity, with extension options for up to two more years. The new facility will refinance an existing EUR 500 million syndicated facility which matures in June 2012.
The facility was oversubscribed during syndication, but was not increased.
The active Bookrunners, Co-ordinators and Mandated Lead Arrangers are Citi and SEB. Deutsche Bank also joined the facility as a Bookrunner and Mandated Lead Arranger. Mandated Lead Arrangers in the facility are Crédit Agricole Corporate and Investment Bank, Danske Bank, HSBC Bank plc, J.P. Morgan Limited, Morgan Stanley, Nordea, Swedbank and The Royal Bank of Scotland.
“It is a sign of Electrolux financial strength and credibility that we have been able to achieve a facility like this in today’s economic climate,” says Mikael Friberg, Group Treasurer of Electrolux.
For further information
Contact Electrolux Press Hotline, +46 8 657 65 07.
Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication at 14.15 CET on December 13, 2011.