Mycronic signs SEK 2,000 million bank financing agreements
Täby, 14 May, 2018 - Mycronic AB (publ), has signed SEK 2,000 million bank financing agreements with Nordea and Handelsbanken.
The bank financing consists of a SEK 1,000 million agreement with Nordea and a SEK 1,000 million agreement with Handelsbanken with corresponding terms. The agreements replace the current SEK 700 million facility with Nordea.
The new bank financing runs for five years on market terms and strengthens Mycronic’s position regarding future acquisitions and growth.
“We are pleased to have reached this agreement, which contributes to Mycronic achieving its financial targets”, says Torbjörn Wingårdh, CFO.
Contact at Mycronic:
Tel: +46 8 638 52 00
About Mycronic AB
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, Taiwan, United Kingdom and the United States. For more information see our web site at: www.mycronic.com
Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.
The information was submitted for publication on 14 May, 2018, at 1.00 pm CET.