SKF signs EUR 800 million multicurrency revolving credit facility
Gothenburg, 16 June 2023: SKF has successfully signed a EUR 800 million multicurrency revolving credit facility. The facility has a tenor of five years with two one-year extension options, and it will serve as a back-up liquidity facility for general corporate purposes. It refinances SKF’s existing and undrawn EUR 500 million syndicated credit facility and a separate EUR 250 million bilateral credit facility, which in aggregate totaled EUR 750 million. Niclas Rosenlew, CFO and Senior Vice President, says: “The renewed facility gives us a solid long-term liquidity structure in addition to