Peab has signed a new revolving credit facility of SEK 5.0 billion
Peab has refinanced existing credit agreements totaling SEK 5.4 billion maturing in May and September 2014 with a new credit facility of SEK 5.0 billion maturing on 1 September 2016.
The transaction involves five banks, and all five of them were granting banks of the credit facilities which have been refinanced. The five granting banks in the banking group are Nordea, Swedbank, Danske Bank, Handelsbanken and DNB.
The loan agreement represents Peab’s long-term core funding, supplemented by capital market financing, other types of short-term business financing and project-related loans.
- It is gratifying that we in good time have agreed on a new bank financing. This gives us a solid financial platform for the next few years. Long-term banking relationships have always been an important part of Peab’s development, says Peab CEO Jesper Göransson.
For further information, please contact:
Jesper Göransson, C E O Peab +46 431 89338
Mikael Johansson, Treasurer Peab +46 733 371033
Gösta Sjöström, C I O Peab +46 733 371010
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 15 April 2013 at 7.30 a.m.
Peab is the Nordic Community Builder with some 14,000 employees and about SEK 45 billion in net sales. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.