Sandvik AB - Close of a Successful Syndicated Revolving Credit Facility

Sandvik AB Close of a Successful Syndicated Revolving Credit Facility Sandvik AB has today signed a EUR 1,000 million Syndicated Revolving Credit Facility. The proceeds of the facility will be used for general corporate purposes and to refinance the existing USD 650 million and USD 500 million Revolving Credit Facilities maturing in 2004 and 2007 respectively. MLA's for the transaction were Barclays Capital, BNP Paribas, Citigroup Global Markets Limited, Nordea Bank AB and Svenska Handelsbanken AB. Barclays Capital, BNP Paribas and Citigroup were Bookrunners with Nordea acting as the Documentation Agent and Handelsbanken acting as the Facility Agent and Swingline Agent. A very successful syndication resulted in a 75% oversubscription and a bank group of 19 banks. These banks, together with the Mandated Lead Arrangers will form Sandvik's core relationship bank group going forward. The Facility has a maturity of 5 years, a margin of 22.5 bp per annum and utilisation fees of 5.0 bp for over 33% drawn, and 7.5 bp for over 67% drawn. Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys, metallic and ceramic resistance materials as well as process systems and sorting systems. The Group has 37,000 employees in 130 countries, with annual sales of approximately SEK 50,000 M. Sandviken, 18 June 2004 Sandvik AB; (publ) For further information, please call: Gunnar Båtelsson, Group Treasurer, +46 26 26 10 20 Heléne Gunnarson, Vice President, Group Communications, +46 26 26 10 25 ------------------------------------------------------------------------ Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas - tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys, metallic and ceramic resistance materials as well as process systems and sorting systems. The Group has 37,000 employees in 130 countries, with annual sales of approximately SEK 50,000 M. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/06/18/20040618BIT00280/wkr0001.pdf

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Sandvik Group Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. We hold world-leading positions in selected areas – tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2016, the Group had approximately 43,000 employees and sales of 82 billion SEK in more than 150 countries within continuing operations.

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