Gunnebo reaches agreement on new credit facility of at least MEUR 170
Gunnebo Security Group has reached an agreement with a number of banks regarding a three year syndicated loan facility of at least MEUR 170 on market terms.
The purpose of the new loan facility is to cover general financing needs and it replaces a MEUR 200 syndicated loan facility which Gunnebo signed in 2005. The new loan facility also replaces a MSEK 200 bilateral loan facility, also signed in 2005. ”It is satisfactory that we have reached an agreement on a new credit facility, which means that we now can fully focus on the development of Gunnebo’s business”, says Gunnebo’s President and CEO Per Borgvall. The agreement is subject to a formal loan agreement being signed and the realization of a guaranteed rights issue, see separate press release distributed on October 23, 2009, 08.01 CET. GUNNEBO AB (publ) Group Communications For further information, please contact: Per Borgvall, President and CEO Gunnebo AB, tel. +46 31 83 68 00, or Hans af Sillén, CFO Gunnebo AB, tel. +46 31 83 68 00 www.gunnebo.com Gunnebo discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.01 CET on October 23, 2009.