ASSA ABLOY obtains USD 300 million financing from U.S. Institutional investors

ASSA ABLOY has concluded a USD 300 million U.S. private placement with the assistance of Barclays Capital. The transaction was subscribed by a diverse group of investors and consisted of five tranches from 5 to 12 years in both fixed and floating rates notes.
 
"The deal is complementary to our first U.S. private placement deal executed in May 2005. The response from existing and new investors is very satisfactory. We have now established a long term financing structure for our business needs in the Americas at good conditions." says Tomas Eliasson, Executive Vice President and CFO.
 
Further information can be obtained from
Tomas Eliasson, Executive Vice President and CFO, tel: +46 8 506 485 
Eddie Fransson, Corporate Treasurer, tel: +41 22 318 45 05
Martin Hamner, Director of Investor Relations and Group controller, tel:  +46 8 506 485 79

About Us

ASSA ABLOY is the global leader in door opening solutions and offers mecahnical and electromechanical locks, digital door locks, security doors, entrance automation, hotel security and secure identity solutions, primarily in identity and access management, as well as a number of other related products and services. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international Group with some 47,500 employees operating in more than 70 countries and sales of SEK 76 billion.

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