Gränges enters into new credit facility agreements and increases the financial flexibility
Gränges has refinanced the credit agreement that originally financed the acquisition of the US business in August 2016. The new credit facilities give Gränges a cost-effective financing, an increased financial flexibility and a prolonged time to maturity. The new credit facilities consist of a revolving credit facility available in several currencies of SEK 2,000 million with a term of 3 years and an option to prolong to 5 years, a Term Loan of USD 100 million with a term of 5 years and a revolving credit facility for the American subsidiary Gränges Americas Inc. of USD 50 million with a