Sandvik renews credit facility
I am pleased that we have been able to secure liquidity in this manner for the years ahead while also confirming the banks included in our core relationship bank group.
Sandvik has concluded an agreement for a guaranteed credit facility with a five-year term, with the option to extend it up to seven years. The facility, which is divided into two currencies comprising 650 MEUR and 5 billion SEK, has been placed at the disposal of the company by the following banks: Handelsbanken, Nordea and SEB acting as coordinators, in addition to Bank of Tokyo-Mitsubishi, Barclays, Citi, Danske Bank, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Royal Bank of Scotland, Societe Generale, Standard Chartered and Swedbank.
“I am pleased that we have been able to secure liquidity in this manner for the years ahead while also confirming the banks included in our core relationship bank group,” says Anders Örbom, Group Treasurer, Sandvik AB.
The credit facility will replace earlier facilities totaling 1.5 billion EUR and will comprise Sandvik’s primary liquidity reserve, which is considered adequate to meet all normal, short-term liquidity requirements.
Sandviken, 3 February 2012
Sandvik Aktiebolag (publ)
Sandvik 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 at
09.00 CET on 3 February 2012.
For further information, please contact Anders Örbom, Group Treasurer, tel +46 26 26 10 30 or Magnus Larsson, Investor Relations, Sandvik AB, tel +46 26 26 09 37.
The Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2011, the Group had about
50,000 employees and representation in 130 countries, with annual sales of nearly 94,000 MSEK.
For more information visit www.sandvik.com