Peab has Signed a New Revolving Credit Facility of SEK 4.0 billion

 
Peab has refinanced a credit facility of SEK 5.0 billion maturing in September 2016, a new credit facility of SEK 4.0 billion. The new agreement expires on September 30, 2018 with an option to extend the maturity by one plus one year.

The transaction involved five banks, and all five of them were lenders in the facility that has refinanced. The five lenders in the banking group are Nordea, Swedbank, Danske Bank, Handelsbanken and DNB. The transaction is coordinated by Nordea.

The loan agreement constitutes Peab's long-term core funding, to be supplemented by capital market financing, other types of short-term operating financing and project related loans.

- We are pleased that we in good time have agreed on a new bank financing. With reduced debt, we have chosen to reduce the volume of credit, and thus the cost of credit. The credit agreement provides us with a stable financial platform for the next few years. Long-term banking relationships have always been an important part of Peab's development, says Peab's CEO Jesper Göransson.

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 10 July 2015 at 11.30 a. m.

For further information contact:

Jesper Göransson, CEO Peab +46 431 89338

Niclas Winkvist, CFO Peab +46 733 847500

Gösta Sjöström, CIO Peab +46 733 371010

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 43 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.